Hong Kong shares end lower

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 Mar 3, 2015

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Hong Kong - Hong Kong shares surrendered early gains and closed lower on Tuesday, as losses in mainland China markets outweighed initial optimism fuelled by overnight bullishness in US stocks.

China's main indexes fell more than 2 percent as a flood of new initial public offerings (IPOs) fanned concerns over tighter liquidity, with financial heavyweights leading the decline.

Shares of mainland banks listed in Hong Kong also fell, dragging the benchmark HSI lower despite initial support stemming from a strong performance on Wall Street.

The Hang Seng index fell 0.7 percent to 24,702.78 points, while the China Enterprises Index lost 2.2 percent to 11,945.25 points.

Among the most actively traded stocks on Hong Kong's main board were Ch Yunnan Rts, up 215.0 percent to HK$0.06; Bank of China, down 2.2 percent to HK$4.39; and CCB, down 2.0 percent to HK$6.35.

Total trading volume of companies included in the HSI index was 1.5 billion shares.

Reuters

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