Hong Kong stocks extend losses

The Hong Kong stock market ended lower in volatile trade on Tuesday, 07 July 2015, extending weakness for three days in a row, on tracking another sell-off in mainland China markets, with Chinese firms listed in the city being major losers. The benchmark index opened 155 points higher but reversed its trend as mainland market plunged again. The Hang Seng Index stumbled 260.97 points or 1.03% to finish at 24975.31 points. The index was down a combined 1307 points over the past three trading days. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, dropped 404.13 points, or 3.3%, to 11827.30 points. Turnover reduced to HK$172.5 billion from HK$212.7 billion on Monday.

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