Hong Kong shares fall

06 Jan, 2016

Hong Kong shares weakened on Tuesday, tracking losses in global markets, although sentiment improved on signs that mainland stocks stabilised, thanks to government intervention following Monday's crash. The Hang Seng index fell 0.7 percent, to 21,188.72, while the China Enterprises Index lost 1.0 percent, to 9,223.01 points.
Hong Kong stocks were dragged lower on Monday by a 7 percent tumble in China's stock market, but on Tuesday, the bluechip CSI 300 index recouped losses at the close after the government took measures to calm the market. Most sectors in Hong Kong still dropped on Tuesday, with telecommunication shares among the biggest losers. Commodity stocks rebounded over 2 percent.

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