Hang Seng slips for third day

Hong Kong share market ended lower for third straight session in quiet and volatile trade on Monday, 08 September 2014, as investors looked to Chinese trade data and an updated reading on Japanese economic growth. The Hang Seng Index ended 49.70 points, or 0.2%, down at 25190.45. The benchmark index thus slid 166 points at one stage to an intra-day low of 25,074. Market turnover declined to HK$56.44 billion from HK$83.96 billion on last Friday.

Official data showed China's trade surplus stood at $49.8 billion in August, up from an expected $42 billion. Exports rose 9.4% on a yearly basis. But, imports fell 2.4%, worse than market expectations of a 1.7% growth.

Japan's second-quarter gross domestic product (GDP) shrivelled 1.8% in April-June quarter from the previous three months, worse than the previously estimated fall of 1.7%, the Cabinet Office said on Monday.

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