Hong Kong stocks little changed

08 Feb, 2017

Hong Kong stocks were little changed on Tuesday, with buying interest from the mainland countered by weakness in global markets. The benchmark Hang Seng index dropped 0.1 percent, to 23,331.57 points, while the Hong Kong China Enterprises Index gained 0.1 percent, to 9,846.06 points.
The downside pressure was limited by rising capital inflows through the Shanghai-Hong Kong Stock Connect scheme. Chinese investors used over 20 percent of the daily quota on Tuesday, compared with an average of nearly 11 percent in January.
Linus Yip, strategist at First Shanghai Securities Ltd, said "we still need to have a close watch on that for a while, to see if the trend is sustainable".

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