Hong Kong Stocks snaps five day rally

The Hong Kong stock market finished lower for the first time in six consecutive sessions on Tuesday, 29 August 2017, as investors lost their appetite for risk by heightening geopolitical concerns after news of a fresh North Korean missile test early Tuesday morning over northern Japan. Most sectors fell, with IT and financial shares leading the decline. The Hang Seng Index dropped 0.4%, or 98.28 points, to 27,765.01, ending a five-day, 3% gain. The Hang Seng China Enterprises Index, or the H-share gauge, also retreated 0.4% to 11,296.08 points. Turnover decreased to HK$94.9 billion from HK$117.4 billion on Monday.

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