HONG KONG: Hong Kong and China shares dropped on Wednesday due to profit-taking in large-cap stocks and sliding of oil prices.
By midday, the Hang Seng Index was down 0.3 percent at 23,462.1 points. The China Enterprises Index of the top Chinese listings in Hong Kong also dropped 0.3 percent.
In the mainland, the CSI300 index was down 0.1 percent at 2,539.9 points, while the Shanghai Composite Index lost 0.2 percent to 2,451.2 points.
Hong Kong shares fell for the third consecutive day after Monday’s highly-anticipated launch of the landmark Shanghai-Hong Kong stock connect scheme.
