The Business Times

Hong Kong: Shares end down, casinos slump

Published Fri, Dec 9, 2016 · 08:35 AM

[HONG KONG] Hong Kong stocks ended lower Friday after a three-day rally, with casino firms battered by a report that officials were to halve the amount of cash mainland Chinese gamblers could withdraw from ATMs in the gaming city of Macau.

The Hang Seng Index fell 0.44 per cent, or 100.86 points, to 22,760.98.

The benchmark Shanghai Composite Index climbed 0.54 per cent or 17.51 points, to 3,232.88 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.35 per cent, or 7.36 points, to 2,070.01.

AFP

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here