Hong Kong stocks fall, tracking weakness in China, Asia (Review)
Wednesday, 19 December 2018 04:21 WIB | MARKET UPDATE |HONGKONGHANG SENG

Hong Kong stocks slipped on Tuesday, hit by a double whammy of policy disappointment in China and depressing share prices across the region.

The Hang Seng index fell 1.1 percent to 25,814.25, while the Hang Seng China Enterprises index lost 1.2 percent.

The sub-index of the Hang Seng tracking energy shares dipped 2.3 percent, the IT sector lost 2.4 percent, while the more defensive financial sector edged down 0.7 percent and the property sector shed close to 1 percent.

Chinese President Xi Jinping called on Tuesday for the unswerving implementation of reforms on Beijing™s terms but refrained from offering new specific measures, disappointing some watching the anticipated speech marking four decades of reform and opening up in China.

Reuters

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