China’s broadest measure of new credit fell 19 percent from a year earlier and money supply grew at the slowest pace since 2001, underscoring risks of a deeper slowdown as the government tries to curb financial dangers.
Hong Kong stocks slid, with the city’s benchmark index poised for its lowest close in a week, after data showed China’s new credit fell in March from a year earlier and money supply grew at the slowest pace since 2001.
Emerging-market stocks fell, stemming a four-week advance, as the European Union weighed expanding sanctions against Russia amid mounting tension in Ukraine. The ruble led declines among major currencies.
Shanghai’s over-the-counter equity market was almost deserted on a weekday morning last week. Two cleaning ladies swept the floor of a trading hall devoid of brokers or computers, while a woman at an information desk ate breakfast and talked on her mobile phone.