Hong
Kong's benchmark index suffered its biggest one-day loss in five weeks
on Friday, after rating agency Standard & Poor's downgraded its
outlook for China and Hong Kong.
The
Hang Seng index fell 1.3 percent, to 20,498.92, its biggest one-day
percentage loss since Feb. 25. For the week, the Hang Seng was up 0.8
percent.
The China Enterprises Index lost 1.8 percent on Friday, to 8,842.86 points. For the week, it gained 1.6 percent.
S&P
on Thursday cut its outlook for China's sovereign credit rating to
negative from stable, and also downgraded the outlook for Hong Kong.
Shares fell across the board, with the energy sector among the biggest decliners.
Source : Reuters
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