Hong Kong shares close sharply lower after steep drop on China markets |
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Published
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Wed, 31 Jan 2007 09:38
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HONG KONG (XFN-ASIA) - Share prices closed sharply lower as selling pressure intensified in late trade following sharp falls in the mainland's A-share markets, dealers said.The Shanghai market's composite index fell 4.92 pct today on institutional selling after a Chinese government official voiced concerns that the markets could be overheating.The comments bolstered expectations that mainland authorities will implement more measures to cool China's economy and the stock markets.The Hang Seng Index closed down 354.04 points or 1.73 pct at 20,106.42, off a low of 20,008.60 and high of 20,507.68.Turnover was 50.63 bln hkd.The Hang Seng China Enterprises index was down 169.26 points or 1.73 pct at 9,602.40.Among large-caps, China Mobile was down 2.4 hkd or 3.24 pct at 71.6 and HSBC fell 1.0 hkd or 0.70 pct to 142.3.(1 usd = 7.8 hkd)roby.lau@xfn.comrl/rc
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| Stock
Quotes * |
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NASDAQ
|
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1594.98 |
-57.40 (
-3.54 %)
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| SYMBOL (
2009-01-07 ) |
| LAST |
CHANGE
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3I GROUP
(
11:35am )
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362.50 |
+20.25 (
5.97 %)
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HAMMERSON
(
11:35am )
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613.00 |
+16.50 (
2.75 %)
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| SYMBOL (
2009-01-06 )
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| LAST |
CHANGE
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IBM
(
4:00pm ) |
|
89.23 |
+2.41 (
2.77 %)
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DUPONT
(
4:01pm ) |
|
27.65 |
+1.32 (
4.95 %)
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| SYMBOL (
2009-01-02 )
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| LAST |
CHANGE
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Hong Kong shares close sharply higher; index regains 20,000 - UPDATE 