Hong Kong Stocks end 1.76% down

The Hong Kong stock market ended lower on Wednesday, 03 August 2016, following weak lead from offshore markets overnight, further weakness in the oil price, pressure on European banks, and more soft economic data out of the China. The benchmark Hang Seng Index declined 390.02 points, or 1.76%, to 21739.12 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, slipped 150.87 points, or 1.65%, to 8978.33. Turnover increased to HK$70 billion from HK$63.4 billion on Monday. HK financial markets were closed on Tuesday due to Typhoon Nida.

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