Hong Kong shares erase gains

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

Published May 6, 2015

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Hong Kong - Hong Kong stocks followed mainland markets lower on Wednesday, surrendering earlier gains, with infrastructure and industrial stocks leading the decline.

The Hang Seng Index fell 0.4 percent, to 27,640.91, while the China Enterprises Index lost 0.6 percent, to 13,997.35 points.

Bucking the trend, Chinese automaker Dongfeng Motor Group Company Ltd rose 1.1 percent, after its state-owned parent, Dongfeng Motor Corporation, appointed a new chairman amid media reports the government was preparing to merge it with peer China FAW Group Corp.

Among the most actively traded stocks on Hong Kong's main board were Landing International, up 0.6 percent to HK$0.16, CCT Land, up 50.0 percent to HK$0.03 and Ping Shan Tea, down 2.3 percent to HK$0.09.

Total trading volume of companies included in the HSI index was 2.3 billion shares.

Reuters

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