Hong Kong shares slip

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 17, 2015

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Hong Kong - Hong Kong shares slipped on Tuesday, as lingering worries over anticipated monetary tightening in the United States offset bullish sentiment about China on mainland markets.

The Hang Seng index fell 0.2 percent, to 23,901.49, but the China Enterprises Index gained 0.2 percent, to 11,837.78 points.

Analysts say Premier Li Keqiang's remarks over the weekend have improved China's economic outlook, and boosted market confidence, but gains in Hong Kong shares have been suppressed by worries that the US may soon raise interest rates, which would put pressure on liquidity in the city's markets.

Among the most actively traded stocks on Hong Kong's main board were Ping Shan Tea, up 12.5 percent to HK$0.06 China National Culture Group, down 16.5 percent to HK$0.13 and South China Financial Holdings, up 8.0 percent to HK$0.11.

Total trading volume of companies included in the HSI index was 1.2 billion shares.

Reuters

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