Conference Board and Asian Development Bank

Asian Development Bank: 0426 GMT Dow Jones Hong Kong equities advance in the morning session taking cues from global benchmarks on Monday, despite the Asian Development Bank cutting its economic outlook for the region and downgrading Chinese growth to 6.8% from 7.3% last year. Chinese stocks are also lifted as the Conference Board s Leading Economic Index rises 1% to 334.4 in August. The improvement stemmed primarily from bank loans and better performance in housing starts, says Andrew Polk, resident economist at The Conference Board China Center: However, compared to a year ago, housing starts remain deeply entrenched in... (news.financializer.com). As reported in the news.