Hong Kong: Shares close down as China markets retreat
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Hong Kong shares fell on Wednesday, following mainland China shares lower after a bout of late afternoon profit taking.
The Hang Seng index ended down 0.8 percent at 22,956.57 points, while the China Enterprises Index lost 1.5 percent to 10,558.47.
Banks and insurers led declines on concerns that China's slowing economy was pressuring profit margins and sparking an increase in bad loans.
Total trading volume of companies included in the HSI index was 1.4 billion shares.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
