Hong Kong Stocks sink 1.46%

The Hong Kong stock market closed down on Tuesday, 05 July 2016, pressured by profit-taking, as worrying signs in China's service sector and as falls in major European stock markets overnight dampened investor sentiment. Trading was subdued with no directional clues from US markets, which were shut on Monday for the Independence Day holiday. The benchmark Hang Seng Index dropped 308.48 points, or 1.46%, to 20750.72 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 159.04 points, or 1.81%, to 8643.31. Turnover decreased to HK$53.6 billion from HK$68.7 billion on Monday.

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