HK Shares End Down on China Growth Concern
Hong Kong, E-finet (13/3) -- Hong Kong
shares ended Wednesday lower as investors feared Chinese property
sector tightening could upend a nascent economic recovery. The blue-chip Hang Seng Index fell 333.95 points, or 1.5%, to 22556.65, falling below the Dec. 31 close of 22656 for the first time this year. Trading volume totaled 73.66 billion Hong Kong dollars (US$9.50 billion), compared with HK$69.14 billion Tuesday. Shares of Mainland developers, particularly those with exposure to the city of Shenzhen, slumped after web portal Sina Finance reported the municipal government has imposed property price curbs. |