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Hong Kong: Stocks fall for 4th day ahead of Trump policy address

Tuesday, February 28, 2017 - 16:29

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[SHANGHAI] Hong Kong stocks fell for the fourth session in a row on Tuesday as a months-long rally showed further signs of fatigue, and as investors awaited a speech by US President Donald Trump for details on tax reform and infrastructure spending.

The Hang Seng index fell 0.8 per cent to 23,740.73 points, while the China Enterprises Index lost 0.3 per cent to 10,297.96.

The Hang Seng has gained around 8 per cent so far this year, while the HSCE has climbed nearly 10 per cent.

Much of the market's attention was on Mr Trump, who said he would talk about plans for "big" infrastructure spending in his first major policy address to Congress at 10am on Wednesday.

Most sectors fell on Tuesday, with telecom and energy shares among the biggest losers.

REUTERS

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