Energy stocks drag down Hong Kong market

The Hong Kong stock market ended down for third day in row on Monday, 07 December 2015, after erasing early gains powered by the healthy US job data that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade December. The decline was led by energy stocks due to weakness in oil prices induced by oil exporters club OPEC's decision not to cut production volumes. The benchmark Hang Seng Index declined 63.27 points, or 0.15%, to 22203.22 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, declined 36.09 points, or 0.37%, to 9798.19 points. Turnover reduced to HK$65.9 billion from HK$76 billion on Friday.

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