The selloff in late afternoon trading dragged the Hong Kong stock market deeply in red terrain on Wednesday, 10 June 2015. The selloff pressurized on disappointment following the exclusion of China's A share from one of the world's major equity indexes. The People's Bank of China economist's downward revision of China's growth forecast to 7% from 7.1% also weighed on sentiment. The Hang Seng Index dropped 301.88 points or 1.12% to finish at 26687.64, off an intra-day high of 27116.92 and day low of 26573.96. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 245.29 points, or 1.77%, to 13616.67 points. Turnover reduced to HK$144.13 billion from HK$167 billion on Tuesday.
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