HONG KONG: Hong Kong stock erased early gains and fell on Friday as investors liquidated their position ahead of the release of the US monthly jobs report at a time when China market was closed for public holiday.
The blue chip Hang Seng Index fell 0.6 per cent at 20,809.50 by lunch break, with financial stocks leading the slide. The Hang Seng Finance Index slid 1.03 per cent.
The China Enterprises Index lost 2.4 per cent to 9,077.54 points, heading for the lowest close since July 2013.
Nervousness ahead of the US Labor Department’s monthly jobs report on Friday and what it may mean for the Federal Reserve’s interest rate outlook caused stock investors to square positions.
