Hong Kong Stocks slip on profit taking

The Hong Kong stock market closed lower on Thursday, 22 December 2016, as investors elected profit taking before the Christmas and New Year holiday season. Meanwhile, weakness in mainland bourses also weighed down sentiments. Nearly all sectors retreated, with financial stocks among the biggest decliner. Hong Kong's benchmark Hang Seng Index closed 0.8% lower at 21,636.20. The Hang Seng China Enterprises Index, known as the H-shares index, fell 1.41% to 9,200.24. Turnover increased to HK$50.2 billion from HK$47.6 billion on Wednesday.

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