Hong Kong: Stocks post longest losing streak since July

[HONG KONG] Hong Kong stocks closed lower on Wednesday, with the benchmark index posting the longest losing streak in nearly four months, while investors waited for the outcome of the US Federal Reserve's policy meeting.

At the close of trade, the Hang Seng index fell 0.3 per cent to 25,024.75, booking the seventh straight day of losses, the longest losing streak since early July. The China Enterprises index lost 0.1 per cent to 8,856.99 points.

Market analysts said the attention has shifted to Fed's policy meeting, where the US central bank is widely expected to announce the tapering of its US$120 billion-a-month asset purchase programme.

REUTERS