Hang Seng falls 0.41%

Hong Kong equity market closed down after washing out intraday gain late afternoon on Tuesday, 14 October 2014, following weak lead from offshore market overnight and drop in the mainland A-shares. The benchmark Hang Seng Index dropped 95.41 points, or 0.41%, to close at 23047.97, after rising to intraday peak of 23409.96.

HK shares started the session on a sour note, after taking a weak lead from offshore. In the United States on Monday night the S&P 500 capped it's worst three-day run since 2011. But, the city's bourse reversed its trend by midday as investors reassured by strong Chinese trade data for September. However, the major shares headed south again in afternoon amid worries that slowing growth in Europe and Asia could hobble the global recovery.

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