Hong Kong Market closed weaker

The Hong Kong stock market declined further in volatile trading on Monday, 18 January 2016, as risk aversion selloff continued on following a big sell-off in Wall Street on Friday after weak economic data out of the U.S., concerns about China's economy, and decline in commodity prices, and fears about the government's ability to manage an economic transition. The Hang Seng Index (HSI) opened down 233 points at 19,287. It then hit a 3.5-year low of 19,195, falling as much as 325 points. The benchmark Hang Seng Index has lost 283.32 points, or 1.45%, to 19237.45 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, sank 101.47 points, or 1.23%, to 8134.81 points. Turnover increased to HK$75 billion from HK$73.7 billion on Friday. The HSI Volatility Index (VHSI), which measures the cost of options on the Hong Kong equity gauge, rose 6.8% to 31.40 points, suggesting 9% swing in the equity benchmark index in the next 30 days.

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