Hong Kong Stocks End Sharply Lower

Hong Kong stocks end sharply lower

HONG KONG, (Pakistan Point News - APP -24th Augst,2016) - Hong Kong stocks tumbled Wednesday as energy firms were again hit by falling oil prices while profit-takers moved in following a recent rally. The Hang Seng Index lost 0.77 percent, or 178.15 points, to close at 22,820.78. The benchmark Shanghai Composite Index shed 0.12 percent, or 3.83 points, to 3,085.88 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.31 percent, or 6.23 points, to 2,030.28 on turnover of 280.7 billion Yuan.