HSI closes down more than 150 points

Business | Mar 14, 2018 16:10
Stocks in Hong Kong snapped a four-day winning streak on Wednesday, tracking declines in regional equity markets after losses on Wall Street overnight.
The benchmark Hang Seng Index retreated 0.53 percent, or 166.44 points, to close at 31,435.01 while the Hang Seng China Enterprises Index slipped 0.49 percent, or 62.26 points, at 12,684.52.
Financials led the decline. China Construction Bank (0939) dropped 1.28 percent to HK$8.48 and Industrial and Commercial Bank of China (1398) skid 1.40 percent to HK$7.03. HSBC Holdings (0005) fell 0.78 percent to HK$76.50 while its subsidiary Hang Seng Bank (0011) dipped 1.41 percent, or HK$2.70, to HK$188.50. Life insurer AIA Group (1299) slid 1.18 percent to HK$67.00.
Apple suppliers were the worst performers on the benchmark. Sunny Optical Technology Group (2382) dived 2.18 percent, or HK$3.20 to HK$143.30 and AAC Technologies, the biggest blue-chip loser, tumbled 2.81 percent, or HK$4.50, to HK$155.40.
Turnover on the main board amounted to HK$103.21 billion.
In mainland China, the Shanghai Composite Index lost 0.57 percent, or 18.86 points, at 3,291.38 and the Shenzhen Composite Index shed 16.79 points, or 0.89 percent, at 1,878.51.

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March 2018