HONG KONG: Hong Kong stocks dived for a sixth consecutive trading day on Friday, following tumbles in the Chinese mainland and global markets.
The benchmark Hang Seng Index dropped 1.53 percent, or 347.85 points, to 22,409.62, after trading between 22,185.85 and 22,492. 79. The Hong Kong China Enterprise Index lost 1.47 percent to end at 10,195.05.
Turnover totaled 118.28 billion HK dollars (about 15.24 billion U.S. dollars), up from 105.07 billion HK dollars the previous trading day.
All four sub-indices lost ground, with the Utilities sub-index falling the most by 1.86 percent, followed by the Finance down 1. 69 percent, the Commerce and Industry 1.47 percent and the Utilities 0.88 percent.
Galaxy Entertainment Group Ltd., continued to lead the declines, closing at 28.05 HK dollars, down 4.43 percent.
Other blue-chips were broadly lower. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 0. 69 percent to 64.9 HK dollars, while its local unit Hang Seng Bank retreated 2.6 percent to 138.8 HK dollars. Local bourse operator HKEX went down 2.04 percent at 191.7 HK dollars.
