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Hong Kong shares finished lower on Wednesday, weighed down by banking stocks as investors were worried about the health of China’s economy.
There was muted response in Hong Kong for the People’s Bank of China’s pledge late on Tuesday to fight any downturn in the world’s second-largest economy.
The Hang Seng index fell 0.9 per cent to 24,315.02, while the China Enterprises Index lost 0.4 per cent to 11,651.01 points.
Among the most actively traded stocks on Hong Kong’s main board were ICBC, down 0.9 per cent at HK$5.51; China Construction Bank, down 1.0 per cent at HK$6.23; and Chaoda Modern Agriculture, down 5.2 per cent at HK$0.37.
Total trading volume of companies included in the HSI index was 1.3 billion shares.
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