China’s benchmark stock index fell for a third day, the longest losing streak in two months, amid concern slowing global economic growth will hurt the outlook for the nation’s exports. Tasly Pharmaceutical Group Co. led declines for health-care shares. Shaanxi Coal Industry Co. slid 3.5 percent, paring gains to 20 percent since Sept. 26. Huaneng Power International Inc. and China Shipbuilding Industry Co. each advanced more than 2 percent after announcing restructuring plans. The Shanghai Composite Index (SHCOMP) fell 0.3 percent to 2,357.91 at 2:12 p.m.,reversing a gain of as much as 0.6 percent. The International Monetary Fund cut its forecast for global growth last week and said the euro area faces the risk of a recession. “We have to watch for global risks,” Sam Hsieh, a fund manager at Fuh Hwa Securities Investment Trust Co., said by phone from Taipei. The Hang Seng China Enterprises Index (HSCEI) retreated 0.2 percent, erasing gains of as much as 1.2 percent after police cleared more pro-democracy protest barricades in the city’s business district. The Hang Seng Index dropped 0.2 percent. The CSI 300 Index lost 0.7 percent. The Bloomberg China-US Equity Index advanced 0.5 percent yesterday. The Standard & Poor’s 500 Index slid 1.6 percent yesterday, capping its worst three-day loss since 2011, as investors weighed prospects for slowing global growth and the spread of Ebola. Federal Reserve officials said over the weekend that the threat from overseas may lead to rate increases being delayed. China’s exports increased 15.3 percent from a year earlier, the biggest increase since February 2013 and beating the 12 percent median estimate in a Bloomberg survey of analysts, according to government data released yesterday. Hong Kong unexpectedly overtook the U.S. in September as the top destination for Chinese shipments. Not everyone is convinced those flows were genuine.Trade Data “Signs of distortion might have re-emerged in the trade data,” Xu Gao, chief economist at Everbright Securities, said in a note yesterday. “If policy makers overestimate external demand due to these fake trade figures and reduce the efforts to stabilize growth domestically, the outlook for the economy will be very worrying.” The People’s Bank of China sold 20 billion yuan ($3.3 billion) of 14-day repurchase agreements at 3.4 percent today, down from 3.5 percent at the last auction on Oct. 9, according to a statement on its website. The previous reduction was from 3.7 percent on Sept. 18. In Hong Kong, police used chain saws and sledgehammers to clear barricades in the city’s business district erected by pro-democracy demonstrators, hours after Chief Executive Leung Chun-ying signaled he’s losing patience with the protests that are in their third week. link