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Hong Kong: Shares track China markets lower

Tuesday, February 23, 2016 - 16:26

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[HONG KONG] Hong Kong stocks tracked mainland China shares lower on Tuesday, with falls in property and utility sectors offsetting gains in energy and resources plays.

The Hang Seng index fell 0.3 per cent to 19,414.78 points, while the China Enterprises Index lost 0.6 per cent to 8,170.62.

Most sectors fell, but energy and resources shares were up on a recent rebound in global commodity and oil prices.

China stocks fell on Tuesday as investors took profits from the previous session's 2 per cent gain, but some analysts expect buyers to return ahead of the annual meeting of China's top legislature next month, at which key economic goals will be set.

The blue-chip CSI300 index .CSI300 fell 1.0 per cent to 3,089.36 points, while the Shanghai Composite Index .SSEC lost 0.8 per cent to 2,903.33.

REUTERS

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