China and Hong Kong stocks declined on Monday as fresh economic data pointed to persistent weakness and imbalances in the world’s second-largest economy, while new measures aimed at reforming the housing presales system triggered a selloff in property shares.
The blue-chip CSI300 index fell 0.8% by midday, while the Shanghai Composite Index slipped 0.2%. In Hong Kong, the Hang Seng Index was down 0.7%.
