Business News
Hong Kong shares follow China and Wall Street to fall 2 per cent
Oct 29, 2009, 10:16 GMT
Hong Kong - Hong Kong shares dipped 2.28 per cent Thursday, tracking declines in China equities and the overnight fall on Wall Street.
The blue-chip Hang Seng Index lost 496.59 points to end the day at 21,264.99 points. Turnover was a busy 80.8 billion Hong Kong dollars (10.4 billion US dollars).
Losses were across the board but were felt more sharply in energy stocks following disappointing quarterly results from PetroChina.
The mainland oil producer saw its shares dip by 4.02 per cent to end the day at 9.55 Hong Kong dollars. China Coal also fared badly, losing 3.26 per cent to 10.68 Hong Kong dollars.
Heavyweight banking giant HSBC lost 1.21 per cent to close at 85.8 Hong Kong dollars while the Bank of China closed 2.03 per cent lower at 4.33 Hong Kong dollars.
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