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Home International Markets

Hong Kong stocks slip at end of move, Hang Seng falls 0.1%

byCustoms Today Report
30/05/2015
in International Markets
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HONG KONG: Hong Kong stocks dipped on Friday, with investors staying cautious after the previous session’s slide triggered by a tumble in mainland markets.

The Hang Seng index fell 0.1 percent, to 27,424.19, while the China Enterprises Index lost 0.6 percent, to 14,103.81 points.

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For the month of May, the Hang Seng was down 2.5 percent.

On Thursday, Hong Kong stocks suffered their biggest one-day decline since December, tracking steep losses in Chinese markets, which dropped more than 7 percent after several major brokerages tightened requirements on margin financing.

Sentiment in Hong Kong calmed on Friday, with financial shares firmer, but energy and telecom stocks remained weak.

 

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