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Hong Kong stocks descend 0.38% at end, Hang Seng dips 93.65pts

byCustoms Today Report
20/03/2015
in Uncategorized
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HONG KONG: Hong Kong stocks have ended 0.38 per cent lower with investors booking profits from a two-day rally.

Shanghai, meanwhile, has added almost one per cent to a near seven year-high on hopes for fresh Chinese stimulus measures.

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The benchmark Hang Seng Index lost 93.65 points to close Friday at 24,375.24 on turnover of HK$116.12 billion ($A19.64 billion).

The index started the week on a high, tracking a surge in Shanghai, after Chinese Premier Li Keqiang at the weekend said the government had the armoury to combat a slowdown in the world’s number two economy.

His comments fuelled hopes for further monetary easing in Chinese shares, although the HSI saw a slight pull-back on Tuesday.

Tags: Hong Kong Stocks

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