China stocks slide to five-month low; Hong Kong drops
Updates to market close
By Summer Zhen
HONG KONG, July 24 (Reuters) -Chinese stocks declined onWednesday, with the Shanghai Composite Index hitting its lowest level in over five months, as investorsturned to risk-off mode amid weak economic data and U.S. election risks.
The Shanghai Composite Index .SSEC slipped below the key 2,900 level briefly, but it was slightly above 2,900 points at the close.
Hong Kong stocks also dipped, dragged down by electric vehicle makers following disappointing second-quarterresults from Tesla TSLA.O. NIO 9866.HK and XPENG 9868.HK fell 4.4% and 5%, respectively.
The Hang Seng Tech index .HSTECH dropped 1.5%.
**At the close, the Shanghai Composite index .SSEC was down 0.46% at 2,901.95.
** The blue-chip CSI300 index .CSI300 was down 0.63%, with its financial sector sub-index .CSI300FS lower by 0.56%, the consumer staples sector .CSI000912 down 1.13%, the real estate index .CSI000952 down 2.88% and the healthcare sub-index .CSI300HC down 0.89%.
** The smaller Shenzhen index .SZSC ended 1.32% lower and the start-up board ChiNext Composite index .CNT was weaker by 1.229%.
** In Hong Kong,the Hang Seng index .HIS was down 158.31 points, or 0.91%, at 17,311.05. The Hang Seng China Enterprises index .HSCE fell 0.85% to 6,142.32. ** The sub-index of the Hang Seng tracking energy shares .HSCIE rose 1.4%, while the IT sector .HSCIIT dipped 1.47%, the financial sector .HSNF ended 0.78% lower and the property sector dipped 1.27%.
** Around the region, MSCI's Asia ex-Japan stock index .MIAPJ0000PUS was weaker by 0.35%, while Japan's Nikkei index .N225 closed down 1.11%.
Reporting by Summer Zhen; Editing by Janane Venkatraman
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