You are here

Hong Kong: Shares fall 2% as Brexit worries intensify

16_06_2016 - MSCI-HONGKONG_TRADING.jpg

[HONG KONG] Hong Kong shares slumped more than 2 per cent on Thursday as fears of a possible British exit from the European Union outweighed relief after the US Federal Reserve struck a more cautious note on interest rates.

The Hang Seng index fell 2.1 per cent to 20,038.42 points, while the China Enterprises Index lost 2.3 per cent to 8,409.81 points.

Nearly all main indexes fell, with energy and IT shares leading the decline.

Index heavyweight Tencent Holdings Ltd fell 2 per cent, with investors unimpressed by news that China's biggest social network and online entertainment company is making another big push into the lucrative gaming industry.

Tencent is nearing a deal to buy a majority stake in Finnish games maker Supercell Oy, a person familiar with the matter said.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to