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Hong Kong: Closes at lowest level since September 2012

Hong Kong shares finished lower on Thursday after an afternoon sell-off in mainland China markets.

[HONG KONG] Hong Kong's benchmark stock index closed at its lowest level in nearly 3-1/2 years on Friday, pounded by tumbling mainland stocks and a drop of the Hong Kong dollar against the US dollar.

The Hang Seng index fell 1.5 per cent, to 19,520.77, the lowest close since September 2012. The China Enterprises Index lost 2.6 per cent, to 8,236.28 points.

For the week, Hang Seng was down 4.6 per cent.

Among the most actively traded stocks on Hong Kong's main board were CCT Land, down 7.4 per cent to HK$0.03 Merry Garden, down 3.2 per cent to HK$0.30 and Topsearch International, down 8.3 per cent to HK$0.99.

Total trading volume of companies included in the HSI index was 2.0 billion shares.