HONG KONG: Hong Kong stocks have ended flat, giving up earlier gains as investors mulled the impact of a sharp devaluation of the yuan announced by China’s central bank.
The benchmark Hang Seng Index edged down 22.91 points to end Tuesday at 24,498.21 on turnover of $HK96.1 billion ($US12.4 billion ($A16.74 billion).
Shanghai shares also closed flat as investors mulled the impact of the devaluation of the yuan, dealers said.
The benchmark Shanghai Composite Index edged down 0.51 points to 3,927.91 on turnover of 712.3 billion yuan ($A154.27 billion), the day after surging nearly five per cent on speculation Beijing plans to overhaul its state-owned enterprises.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 0.41 per cent, or 9.43 points, to 2,284.27 on turnover of 623.1 billion yuan.
