Hong Kong markets tumbles to ten-week low
Capital Market The Hong Kong stock market ended at lowest level in more than ten weeks on Friday, 11 December 2015, due to risk aversion selloff for seven consecutive sessions, amid reports that Guo Guangchang, the billionaire tycoon chairman of one of the China's biggest conglomerates, Fosun International, has gone missing. Sentiments also hit by caution ahead of a fresh batch of Chinese monthly economic data expected on Saturday. The benchmark Hang Seng Index was down 240.56 points, or 1.1%, to 21464.05 points, a lowest level since September 30, 2015, when the benchmark's closed at 20846.30 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, declined 142.49 points, or 1.51%, to 9308 points. Turnover marginally reduced to HK$68.39 billion from HK$68.90 billion on Thursday.
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