Hong Kong: HSI nosedives 1.42%

Hong Kong share market declined sharply on Wednesday, 30 April 2014, dragged down by profit-taking by investors following surge in the previous day and after WH Group, the world's biggest pork supplier, canceled a $1.9 billion Hong Kong initial public offering. Meanwhile, weakness in Tencent's shares aggravated the downside of the benchmark index. The benchmark Hang Seng index was down 1.42% to 22133.97, while Hang Seng China Enterprises Index fell 1.04% to 9779.72. The local stock market will be shut tomorrow for a holiday.

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