HONG KONG: Hong Kong stocks started lower on Tuesday due to a weak picture for world stocks.
The Hang Seng Index (HK: HSI) dropped 0.7%, with the Hang Seng China Enterprises also down 0.7%. Oil shares retreated as crude futures in more than five years in New York. Cnooc Ltd. (HK:883) (CEO) lost 2.1%, PetroChina Co. (HK:857) (CN:601857) (PTR) fell 1.5%, and China Petroleum & Chemical Corp. (Sinopec) (HK:386) (SNP) moved down 1.1%. China Oilfield Services Ltd. (HK:2882) (CN:601808) (CHOLY) also fell sharply, down 3.4%. Casino operators suffered broad declines as well, with Melco Crown Entertainment Ltd. (HK:6883) (MPEL) extending recent losses to slide 3.5% lower. Galaxy Entertainment Group Ltd. (HK:27) (GXYEF) lost 3.1%, SJM Holdings Ltd. (HK:880) (SJMHF) retreated 2.8%, and Sands China Ltd. (HK:1928) gave up 2.3%. On the upside, Town Health International Medical Group Ltd. (HK:3886) surged more than 34% after resuming trading Tuesday, as the firm sold more 1.7 billion new shares to state-owned giant China Life Insurance Co. (HK:2628) (LFC) for 1.75 billion Hong Kong dollars ($227.5 million). For its own part, China Life gave up 1.8% in Hong Kong, while its Shanghai-listed shares dropped 3.2%. Over on the mainland, meanwhile, the benchmark Shanghai Composite Index (CN:SHCOMP) rose 0.5%, with notable movers including Daqin Railway Co. (CN:601006) (up 10%) and SAIC Motor Corp. (CN:600104) (up 9.8%).
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
