HONG Kong shares have closed 1.53 per cent lower, tracking a broad selloff across Asia after indications of a likely pullback of the US stimulus program.
The benchmark Hang Seng Index on Wednesday lost 334.86 points to 21,588.84 on turnover of $HK51.78 billion ($A7.47 billion).
Hong Kong trade initially took cues from US stocks, which suffered sharp declines after comments from Federal Reserve officials sparked jitters over a likely winding up of the US stimulus.
The chiefs of the Federal Reserve's Chicago and Atlanta branches both said the central bank could begin tapering its $US85 billion a month quantitative easing program in September, but stressed that economic growth needed to hold steady or improve.
The growing speculation led to a broad selloff across Asia, with Tokyo leading regional declines with a four per cent plunge.
Financial shares dragged on the index, with Bank of China falling 2.2 per cent to $HK31.5 and China Construction Bank declining 2.1 per cent to $HK5.57.
British banking giant HSBC continued to fall after its disappointing earnings report late on Monday, closing down 1.2 per cent to $HK84.10.
Chinese shares closed down 0.67 per cent. The benchmark Shanghai Composite Index fell 13.72 points to 2,046.78 on turnover of 91.3 billion yuan ($A16.66 billion).
The Chinese government is due to announce trade data on Thursday and inflation figures on Friday.
"Wait-and-see sentiment usually prevails in the market before major economic data comes out, while falls in some active sectors like media also hurt overall performance," Zheshang Securities analyst Zhang Yanbing told AFP.
Media shares fell on profit-taking. Chinese Universe Publishing and Media lost 4.64 per cent to 18.50 yuan while Shanghai Xinhua Media dropped 4.48 per cent to 5.54 yuan.
Metal shares were mixed, with zinc producer Tibet Summit Industrial losing 2.27 per cent to 9.90 yuan while Xiamen Tungsten rising 1.81 per cent to 29.27 yuan.
Property developers bucked the trend amid growing expectations that the government may lift restrictions on financing of real estate firms.
Sundy Land Investment surged 7.58 per cent to 5.68 yuan while Poly Real Estate rose 2.31 per cent to 11.07 yuan.
Anda sedang membaca artikel tentang
Hong Kong shares end 1.53% lower
Dengan url
http://writerlovery.blogspot.com/2013/08/hong-kong-shares-end-153-lower.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Hong Kong shares end 1.53% lower
namun jangan lupa untuk meletakkan link
Hong Kong shares end 1.53% lower
sebagai sumbernya
0 komentar:
Posting Komentar