Hong Kong Market falls on property, insurer stocks selloff

The Hong Kong stock market finished down on Monday, 12 December 2016, on caution ahead of the Federal Reserve two-day policy board meeting which concludes on Wednesday, where interest rates will likely increase for the second time in a decade. Meanwhile, selloff pressure intensified after mainland Chinese stocks suffered their worst loss in six months amid concern over the country's ties with the U.S. and on measures to regulate insurance money into equity markets. The Hang Seng Index ended down 1.44%, or 327.96 points, to 22,433.02, while the Hang Seng China Enterprises index declined 1.71%, or 168.64 points, to 9,699.31. Turnover increased to HK$77.7 billion from HK$76.4 billion on Friday.

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