Hang Seng falls 0.42%

Hong Kong share market closed down in volatile trade on Friday, 07 November 2014, extending loses for fifth consecutive day, pressured by profit taking and lingering concerns over the status of a cross border stock trading scheme. The Hang Seng Index fell 0.42%, or 99.07 points, to 23550.24. Turnover increased to HK$73.44 billion from HK$58.33 billion on Thursday.

The benchmark index opened slightly weaker but recovered all its losses by midday on hopes of an imminent start of the Shanghai-HK Stock Connect as brokers received payment notices of RMB200,000 from the Shanghai bourse. But the index reversed in afternoon trade, and has fallen for five consecutive trading days.

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