The Hong Kong stock market finished deeply in red on Thursday, 15 December 2016, on worries over capital outflow after the Hong Kong Monetary Authority's chief executive Norman Chan statement that with the US interest rates now rising, it's expected that some of the estimated $130 billion of capital inflow into Hong Kong since 2008 will be exchanged back to the US dollar. All sectors in the city's stock market lost ground, with the rate-sensitive property sector leading the decline. The Hang Seng Index ended down 1.77%, or 397.22 points, to 22,059.40, while the Hang Seng China Enterprises index dropped 2.34%, or 226.99 points, to 9,479.16. Turnover increased to HK$80.8 billion from HK$61.6 billion on Wednesday.
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