Hong Kong: Shares sink 0.95%

[HONG KONG] Hong Kong shares dropped 0.95 per cent on Wednesday, wiping out almost all the previous day's gains, as investors brushed off a record close on Wall Street and another rally on the mainland.

The Hang Seng Index fell 225.68 points to 23,428.62 on turnover of HK$123.19 billion (US$15.90 billion).

In Shanghai the benchmark composite index gained 0.58 per cent, or 15.98 points, to 2,779.53 on turnover of 529.8 billion yuan (US$86.3 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.35 per cent, or 19.42 points, to 1,452.92 on turnover of 367.9 billion yuan.

AFP