Stocks suffer worst losses in three weeks

Updated: 2013-05-14 19:56


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The Shanghai Composite Index dropped 1.11 percent to 2217.01, and the Shenzhen Component Index was down 2.28 percent to 8809.08, their worst losses since April 23.

The drop in mainland stocks also dragged the Hong Kong stock market into the red. The Hang Seng China Enterprises Index closed at 22924.74 on Tuesday, down 0.28 percent.

April's growth data, in-cluding industrial production and retail sales data, con-firmed that China's slow and fragile growth recovery con-tinued into the second quar-ter, said analysts.

Industrial output in April grew 9.3 percent in April year-on-year, and retail sales increased 12.8 percent year-on-year in the same month, according to the data released by the government.