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Home International Markets

Hong Kong stocks fall at end of trade, Hang Seng skids 0.6pc

byCustoms Today Report
22/10/2015
in International Markets
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HONG KONG: Hong Kong stocks, which resumed trading on Thursday after a public holiday, ended the session lower, taking cues from a weak New York market and uninspired by a rebound in mainland markets.

The Hang Seng index fell 0.6 percent, to 22,845.37, while the China Enterprises Index lost 0.5 percent, to 10,600.52 points.

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Most sectors fell, with energy stocks among the worst casualties, weighed down by Chinese oil giants Sinopec , PetroChina and CNOOC.

But shares of major Chinese carriers including Air China , China Eastern and China Southern Airlines jumped on merger expectations.

Also bucking the broader trend were shares of China mini-marts operator Wumart Stores Inc, which surged 68 percent to a four-month high after its parent Wumei Holdings offered to buy ones it doesn’t already own.

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