A gauge of Chinese shares traded in Hong Kong posted its biggest decline in six weeks amid concern a property-market slowdown will curb economic growth and as a slump in mainland-listed equities weighed on sentiment.
Macau will reduce the maximum number of days that Chinese passport holders with transit visas can stay in the city to five from seven, in an attempt to prevent them from abusing the law. Casino shares dropped.
Macau’s government plans to further restrict the use of China UnionPay Co.’s debit cards at casinos, curbing money flows to the world’s largest gambling hub by making it harder for bettors to buy expensive items that they exchange for cash. Casino stocks slumped in Hong Kong.