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Hong Kong Market snaps four day rally

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Capital Market
The Hong Kong stock market closed down on Wednesday, 07 September 2016, snapping four days of winning streak, hurt by surprisingly slow U.S. service-sector growth data which raised questions about possible rate increases by the Federal Reserve in the near term. The benchmark Hang Seng Index declined 45.87 points, or 0.19%, to 23741.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 31.80 points, or 0.32%, to 9970.19. Turnover increased to HK$79.6 billion from HK$75.6 billion on Tuesday.

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First Published: Sep 07 2016 | 10:39 PM IST

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