You are here

Hong Kong shares fall again, have worst week since mid-February

37438719 - 11_02_2016 - HONG KONG-STOCKS.jpg
Hong Kong shares fell for the fifth day in a row on Friday, posting their biggest weekly loss in nearly three months, as the market's rebound since mid-February unravelled amid resurfacing worries about global growth.

[HONG KONG] Hong Kong shares fell for the fifth day in a row on Friday, posting their biggest weekly loss in nearly three months, as the market's rebound since mid-February unravelled amid resurfacing worries about global growth.

Sentiment was also hit by a tumble in mainland shares, as further corrections in China's commodities market helped drive the biggest one-day fall for main indexes in more than two months.

The Hang Seng index fell 1.7 per cent, to 20,109.87, while the China Enterprises Index lost 1.8 per cent, to 8,471.70 points.

For the week, the Hang Seng slumped 4.5 per cent, its biggest loss since the week ended Feb 12. The HSCE tumbled 5.2 per cent.

Stocks fell across the board with energy and consumer shares leading the decline.

REUTERS