Hong Kong: Shares fall, in line with others, as oil prices drop
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Hong Kong stocks tracked regional markets lower on Monday, with risk appetites reduced by a tumble in crude oil futures after exporters failed to reach agreement on production cuts.
The Hang Seng index fell 0.7 per cent, to 21,161.50, while the China Enterprises Index lost 1.3 per cent, to 9,090.85 points.
Energy shares led main indexes lower, as oil prices fell sharply in response to disappointing results from the weekend meeting.
Some 18 oil exporting nations gathered in Doha, Qatar, in an attempt to agree on stabilising output at January levels until October 2016. The deal fell apart after Saudi Arabia demanded that Iran join in.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
