Hong Kong Stocks Down As HSBC Reports Profit Drop

(@ChaudhryMAli88)

Hong Kong stocks down as HSBC reports profit drop

HONG KONG, , (UrduPoint / Pakistan Point News - 21st Feb, 2017 ) - Hong Kong stocks closed lower Tuesday, reversing early gains as HSBC reported a plunge in its net profits for 2016. The Hang Seng Index fell 0.76 percent, or 182.45 points, to 23,963.63.

But the benchmark Shanghai Composite Index added 0.41 percent, or 13.37 points, to close at 3,253.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.95 percent, or 18.61 points, to close at 1,981.14.