Hong Kong Market suffers steepest loss in three weeks

The Hong Kong stock market finished the session lower on Friday, 29 April 2016, on tracking weak lead from Wall Street overnight and on caution ahead of key economy data globally. Most of the industry group declined, with shares of energy producers being major losers sue to poor results from PetroChina and Cnooc. The benchmark Hang Seng Index dropped 320.98 points, or 1.5%, to 21067.05 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 121.46 points, or 1.34%, to 8939.47 points. Turnover reduced to HK$60.7 billion from HK$67.8 billion on Thursday.

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