HONG Kong shares ended 0.94 per cent lower Tuesday, pulled down by profit-taking and falls in Chinese insurers, in line with losses on bourses across the region and on Wall Street.
The benchmark Hang Seng Index fell 218.56 points to 23,111.19 on turnover of HK$82.78 billion ($A10.22 billion).
The index lost ground for a third straight session after hitting a 19-month high last week after US politicians clinched a deal to avert the "fiscal cliff" of automatic spending cuts and across-the-board tax hikes.
Traders were growing nervous as it sank in that the US budget crisis was far from over, with more battles looming in Congress next month, analysts said.
Politicians will need to decide on the spending cuts, an issue that was merely delayed by the original fiscal cliff deal, as well as on raising the United States' borrowing limit.
"Investors have gradually come to the realisation that the problem is merely being delayed for two months, not solved," said Alvin Cheung, associate director at Prudential Brokerage.
Chinese insurers led falls in blue-chip stocks after US private equity firm Carlyle exited its investment in China Pacific Insurance by selling its remaining stake in the firm for almost $US800 million.
China Pacific dropped 2.6 per cent to HK$30.20, China Life tumbled 3.3 per cent to HK$26.30, and Ping An dropped 4.0 per cent to HK$68.15, making it the worst-performing blue chip.
Chinese shares closed down 0.41 per cent on profit-taking. The benchmark Shanghai Composite Index fell 9.29 points to 2,276.07 on turnover of 106.4 billion yuan.
The index has rebounded nearly 17 per cent since hitting a near four-year low of 1,949.46 points on December 4.
Dealers now have their eyes on trade, inflation and gross domestic product data over the next week.
"An adjustment in the stock market is warranted, given December's huge gains," said Zhou Xu, an analyst at Nanjing Securities.
Ping An Insurance lost 3.73 per cent to 45.46 yuan, while Everbright Securities fell 2.94 per cent to 13.56 yuan and the Bank of Beijing dropped 2.75 per cent to 9.19 yuan.
Henan Dayou Energy fell 2.45 per cent to 20.71 yuan, while Yangquan Coal Industry shed 1.60 per cent to 14.12 yuan.
Anda sedang membaca artikel tentang
Hong Kong stocks close 0.94% lower
Dengan url
http://cucidollaran.blogspot.com/2013/01/hong-kong-stocks-close-094-lower.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Hong Kong stocks close 0.94% lower
namun jangan lupa untuk meletakkan link
Hong Kong stocks close 0.94% lower
sebagai sumbernya
0 komentar:
Posting Komentar