Hong Kong dragged down by property shares, banks

Amplify’d from www.marketwatch.com

Hong Kong dragged down by property shares, banks

HONG KONG (MarketWatch) – Hong Kong shares declined early Wednesday after a weaker finish on Wall Street and concern that Beijing might further tighten policy amid expectation China’s consumer prices jumped in October. Property developers and banks were particularly weak. The Hang Seng Index
/quotes/comstock/08s!i:hsi
(HK:HANGSENG
24,674,
-36.12,
-0.15%)
slipped 0.2% to 24,655.07 and the Hang Seng China Enterprises Index dropped 0.4% to 13,971.89. Shares of Industrial & Commercial Bank of China Ltd.
/quotes/comstock/22h!e:1398
(HK:1398
6.70,
-0.06,
-0.89%)

/quotes/comstock/11i!idcby
(IDCBY
43.52,
-1.08,
-2.42%)
dropped 0.9%, China Resources Land Ltd.
/quotes/comstock/22h!e:1109
(HK:1109
15.94,
-0.26,
-1.61%)

/quotes/comstock/11i!crbj.y
(CRBJY
0.00,
0.00,
0.00%)
gave up 1.5% and China Overseas Land & Investment Ltd.
/quotes/comstock/22h!e:688
(HK:688
16.82,
-0.18,
-1.06%)

/quotes/comstock/11i!caovy
(CAOVY
0.00,
0.00,
0.00%)
declined 2%. Meanwhile, China’s Shanghai Composite Index
/quotes/comstock/16k!i:000001
(CN:SHCOMP
3,123,
-12.18,
-0.39%)
dropped 0.9%.

Read more at www.marketwatch.com

 

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