Hong Kong and mainland markets end lower amid thin turnover, stall in Wall Street rally
Hang Seng Index closes 0.3 per cent lower at 21,574.76 ahead of extended holiday break with trading to resume Wednesday
Hong Kong and mainland Chinese stocks fell on Friday, tracking US stock indexes lower amid thin turnover on the final trading day before Christmas.
The Hang Seng Index ended down 0.28 per cent or 61.44 points at 21,574.76. The Hang Seng China Enterprises Index dropped 0.2 per cent or 18.49 points to 9,181.75.
Turnover stood at HK$50.4 billion, slightly up from HK$50.2 billion on Wednesday but still below the daily average of HK$67.2 billion for the first 11 months.
Materials, energy and financial shares led the declines. Chinese insurance giant Ping An Insurance dropped 0.52 per cent to HK$38.4. Sinopec fell 1.8 per cent to HK$5.48.
Li & Fung, the world’s top supplier of clothes and toys to retailers, declined 3.86 per cent to HK$3.49.
China Unicom rose 0.79 per cent to HK$8.98, adding to recent gains amid expectations that the company was slated for a pilot run on mixed-ownership reform.
