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Hong Kong: Energy, property firms help drag stocks down
[HONG KONG] Hong Kong stocks sank Thursday with energy firms hit by a plunge in oil prices, while the property sector was rattled by the Federal Reserve's interest rate hike and hints at further tightening.
The Hang Seng Index slipped 1.20 per cent, or 310.56 points, to close at 25,565.34.
But the benchmark Shanghai Composite Index inched up 0.06 per cent, or 1.81 points, to 3,132.49, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.91 per cent, or 16.92 points, to 1,869.71.