Hong Kong shares slip

Comment on this story

Hong Kong - Hong Kong shares finished lower on Thursday, joining other Asian markets in slipping after Wall Street stepped back from record levels.

The Hang Seng Index closed down 0.4 percent at 23,175.02 points.

The China Enterprises Index of the leading offshore Chinese listings in Hong Kong slid 0.7 percent.

Leading losses in the benchmark index was China Mengniu Dairy, which sank nearly 3 percent after Macquarie Research downgraded it to “underperform” from “neutral”, citing risks from a subsidiary and competition from imported ultra heat treated milk.

Mengniu shares have fallen more than 16 percent from mid-April highs.

Hong Kong developers extended losses on Thursday. Hang Lung Properties lost 1.7 percent and Cheung Kong Holdings was off 1.2 percent. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines