Hong Kong Hang Seng finishes 1% lower

The Hong Kong stock market closed steep lower on Thursday, 23 November 2017, as risk aversion selloff triggered on following a tumble in mainland stocks after fresh signs of Beijing's determination to clamp down on market speculation and the country's high debt levels. Investors took profit in sectors including financials, IT and consumer goods, on a pessimistic mood in China. The Hang Seng index fell 1%, to 29,707.94, while the China Enterprises Index lost 1.9%, to 11,737.06 points, the lowest level in a month. Daily turnover decreased 13% to HK$136 billion (US$17.5 billion), from Wednesday's HK$157 billion.

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