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Stocks

Hong Kong shares tumble but still post 10th monthly gain this year

Tencent among best performers in November despite Thursday's slump

HONG KONG (Nikkei Markets) -- Hong Kong stocks tumbled on Thursday, trimming their 10th monthly advance of 2017, as Tencent Holdings slumped after rallying to a string of record-highs earlier in November.

The Hang Seng Index sank 1.5% to 29,177.35, paring its gains for the month to 3.3%. The gauge has risen every month this year except September amid an upbeat global equities outlook, improved corporate earnings and sustained inflows from Chinese investors through the stock-exchange links connecting the city with Shanghai and Shenzhen.

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