Hong Kong: Shares slip in subdued trade ahead of Powell speech

[HONG KONG] Hong Kong shares slipped on Wednesday after two sessions of strong gains, but trading activity was muted ahead of the US Federal Reserve symposium on Friday.

At the close of trade, the Hang Seng index was down 33.97 points or 0.13 per cent at 25,693.95, after climbing more than 3.5 per cent in the previous two sessions.

About 1.56 billion Hang Seng index shares were traded, roughly 73.2 per cent of the market's 30-day moving average of 2.13 billion shares a day. The volume traded in the previous trading session was 2.05 billion.

China's main Shanghai Composite index closed up 0.74 per cent at 3,540.38 points, while the blue-chip CSI300 index ended up 0.2 per cent.

REUTERS