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Hong Kong stocks ended mixed on Wednesday, with the benchmark Hang Seng index sagging but an index tracking Chinese companies firmer, helped by strength in mainland stocks.
The Hang Seng fell 0.4 per cent to 27,585.05 points, while the China Enterprises Index gained 0.3 per cent to 14,235.90.
Trading in the shares of China’s Hanergy Thin Film Power Group was suspended after its stock plunged nearly 50 per cent in less than one hour — a sudden and brutal decline after a long run-up in market value. The reversal left many analysts puzzled.
Among the most actively traded stocks on Hong Kong’s main board were Nan Hai Corp, up 34.7 per cent at HK$0.19, Harmonic Strait Financial Holdings Ltd, up 68.4 per cent at HK$0.32, and CCT Land, down 3.2 per cent at HK$0.03.
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