Hong Kong Market falls on negative offshore lead

The Hong Kong stock market ended down on Thursday, 14 January 2016, as sell orders fueled by following sharp falls in US stocks overnight, lingering concerns about the Chinese economy and continuing slides in crude oil prices. The Hang Seng Index (HSI) opened down 355 points at 19,578 and saw an intra-day low of 19,509 at one stage, falling 425 points. It narrowed its losses to only 41 points in afternoon trade on the back of strong rebound in Shanghai market. The benchmark Hang Seng Index has lost 117.47 points, or 0.59%, to 19817.41 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 34.86 points, or 0.41%, to 8459.63 points. Turnover reduced slightly to HK$75.4 billion from HK$77.4 billion on Wednesday.

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