Hong Kong posts big weekly loss

Comment on this story

Hong Kong - Hong Kong's benchmark index finished flat on Friday and had its biggest weekly losses in two months, weighed down by underperforming banks and property counters.

The Hang Seng Index closed little changed at 23,233.45, down 1.3 percent on the week - the largest loss since the week ended May 9.

The China Enterprises Index of the leading offshore Chinese listings in Hong Kong inched up 0.1 percent.

It lost slightly more than 1 percent on the week.

Leading the losses on the Hang Seng on Friday was China Resources Power, which sank 3.9 percent, surrendering gains of 3.2 percent on Thursday.

Cheung Kong Holdings slipped 0.6 percent following a 2 percent rise the previous session.

The biggest index drag was HSBC Holdings plc, which shed 0.4 percent, while PetroChina climbed 1.1 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