Hong Kong Market tanks 2.1%

The Hong Kong stock market finished deeply in red on Thursday, 16 June 2016, as investors fled equities for safe-haven assets like gold amid fresh worries about US economic growth after the Federal Reserve lowered its economic growth forecasts for this year and on caution ahead of the Britain's June 23 national referendum on whether to leave the European Union. The benchmark Hang Seng Index tumbled 429.10 points, or 2.1%, to 20038.42 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, retreated 199.78 points, or 2.32%, to 8409.81. Turnover increased to HK$62.8 billion from HK$58.5 billion on Wednesday.

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