China's blue-chip stocks fell for the third consecutive day, and Hong Kong's market also declined on Wednesday. Disappointing interim results from beverage and restaurant companies underscored deflation risks in the country.
Nongfu Spring, China's leading bottled water supplier, saw its shares drop over 10% after reporting significantly slower profit growth for the first half of the year due to intense domestic price competition. This decline contributed to the drop in Hong Kong's Hang Seng Index.
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