Hong
Kong's main stock index posted its biggest loss in nearly six weeks on
Tuesday, touching a one-month low, as the energy sector tumbled against a
backdrop of slumping crude oil prices and mixed messages on the outlook
for U.S. monetary policy.
The
Hang Seng Index had its worst day since Feb. 25, dropping 1.6 percent
to 20,177.00. The China Enterprises Index lost 1.9 percent, to 8,679.04
points.
The
Hong Kong market tracked falls in most Asian markets, despite mainland
market indexes advancing to near three-month highs on Beijing's policy
support.
Stocks fell across the board, with the energy sector falling the most.
Oil
giants including Sinopec, PetroChina and CNOOC dropped sharply after
oil prices shed more than 2 percent overnight, which brought Brent to
one-month lows.
Source : Reuters
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