Hong Kong Market endures losses

The Hong Kong stock market endured another day of losses on Wednesday, 06 January 2016, as a reported nuclear test by North Korea heightened geopolitical concerns for investors already fretting over the slowdown in China. The benchmark Hang Seng Index declined 207.91 points, or 0.98%, to 20980.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, dropped 85.22 points, or 0.92%, to 9137.79 points. Turnover increased slightly to HK$75.2 billion from HK$72.4 billion on Tuesday. The HSI Volatility Index (VHSI), which measures the cost of options on the Hong Kong equity gauge, spiked 7.3% to 24.94 points, suggesting 7.2% swing in the equity benchmark index in the next 30 days.

Powered by Capital Market - Live News