August 15, 2012 (Chinavestor) Stocks fell to multiple week lows in Shanghai today after signs of an economic slowdown mounted. The Shanghai Composite index (SHA:000001) fell 23.6 points or 1.1% in a broad decline. Each and every stock among the 50 largest components of the Shanghai Composite Index (SHA:000001) declined. Negative market outlook hurt financial and brokerage sectors the most.
Stocks fell in Hong Kong as well. The Hang Seng Index (INDEXHANBGSENG:.HSI) was off 239.4 points or 1.2% on Wednesday on fear of a global economic slowdown. Stocks that fell outnumbered those that advanced eight to one among components of the 42 member index.