Hong Kong stock rally peters out as energy shares fall
February 17, 2016 8:27 am
Stocks in Hong Kong lost ground on Wednesday as a 2-day rally petered out, thanks in part to slumping energy shares that dragged down the market.
The Hang Seng index dropped 1.0%, to 18,924.57, while the China Enterprises Index fell 1.2%, to 7,928.76 points.
An index tracking energy stocks tanked 3.2%, as investors gave a lukewarm response to a potential deal between Saudi Arabia and Russia to freeze oil output at January levels.
The material has been provided by InstaForex Company – www.instaforex.com
Stocks in Hong Kong lost ground on Wednesday as a 2-day rally petered out, thanks in part to slumping energy shares that dragged down the market.
The Hang Seng index dropped 1.0%, to 18,924.57, while the China Enterprises Index fell 1.2%, to 7,928.76 points.
An index tracking energy stocks tanked 3.2%, as investors gave a lukewarm response to a potential deal between Saudi Arabia and Russia to freeze oil output at January levels.
The material has been provided by InstaForex Company – www.instaforex.com
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