Hong Kong Stocks down ahead of key data

The Hong Kong stock market closed tad lower on Thursday, 31 March 2016, as investors turned cautious ahead of key economic data tomorrow. On Friday, Beijing will announce the official manufacturing purchasing managers' index (PMI) data for March while the US government will post its non-farm employment data for the month. The benchmark index opened up 8 points at 20,811 and quickly retreated. It fell as much as 114 points at one stage to 20,689. The benchmark Hang Seng Index fell 26.69 points, or 0.13%, to 20776.70 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 23.84 points, or 0.27%, to 9003.25 points. Turnover reduced to HK$71 billion from HK$75.2 billion on Wednesday.

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