August 16, 2012 (Chinavestor) Chinese stocks fell in Asia on Thursday as latest data hurt market sentiment. Foreign direct investment fell to tow year lows in July, making investor nervous about further economic cool-off in China. The Shanghai Composite index (SHA:000001) fell 6.7 points or 0.3% while the Hang Seng index (INDEXHANGSENG:.HSI0 shed 89.3 points or 0.4%.
China Mobile (HKG:0941), the largest mobile carrier in the world, weighed down the index in Hong Kong after reporting slow profit growth amid high user acquisition costs. Tsingtao Beer (HKG:0168) fell almost as much as China Mobile (NYSE:CHL) after missing on earnings.
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