Hong Kong Hang Seng drops 1.2%

Hong Kong stock market closed session lower on Wednesday, 13 June 2018, as some investors retreated to the sidelines to see the results of the U.S. Federal Reserve's policy meeting, due out later Wednesday. Market falls led by Chinese telecoms equipment maker ZTE as it resumed trading after a two-month suspension and agreed to pay a combined US$1.4 billion in fines, as well as make changes in senior leadership and replace its board of directors, as part of a deal to lift US sanctions. The Hang Seng Index fell 1.2%, or 377.91 points, to close at 30,725.15, while the China Enterprises Index ended down 1.4% at 12,035.63 points.

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