Hong Kong market ends 0.1% down

The Hong Kong stock market ended slightly lower after trimming early losses of around 1.7% on Monday, 10 August 2015, thanks to strong gains in mainland markets which were fuelled by hopes that Beijing will soon announce restructuring in key industries. The HSI opened 118 points lower and immediately plunged to an intra-day low of 24,135 (down 416 points). But A-share market rallied, along with reports that SOE reform plan was approved by the State Council. The benchmark index recovered all of its earlier losses and saw an intra-day high of 24,602 in afternoon trade. The Hang Seng Index ended 31.35 points, or 0.13%, higher at 24521.12 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, jumped 63.72 points, or 0.57%, to 11291.66 points. Turnover increased to HK$80.3 billion from HK$71.4 billion on Friday.

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