March 11, 2013 (Chinavestor) Outlook turned dim for Chinese ADRs on Monday after manufacturing data showed slower recovery in Asia than anticipated. China's manufacturing sector expanded at the slowest rate since 2009 in the first two months and investors fear additional curbs in the property sector to tame inflation will hurt growth even more. The Shanghai Composite Index (SHA:000001) shed 8.0 points or 0.3% while the Hang Seng Index (INDEXHANGSENG:.HSI) slipped 1.1 points.
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