Hong Kong Shares slip on new White House drama

The Hong Kong stock market finished session lower on Wednesday, 14 March 2018, breaking a four-day rising streak, as investor confidence was dented by US President Donald Trump's sacking of his secretary of state and report that US President Donald Trump is likely to impose tariffs on up to US$60 billion of Chinese imports in the tech and telecom sectors. The Hang Seng Index retreated 0.5%, or 166.44 points, to close at 31,435.01, after booking a 4.7% gain in the previous four sessions. The Hang Seng China Enterprises Index, or the H-shares index, lost 0.5% to 12,684.52. The sub-index of the Hang Seng tracking energy shares rose 0.3%, while the IT sector rose 0.01%, the financial sector was 0.93% lower and property sector rose 0.17%. Turnover decreased to HK$103.2 billion from HK$110.2 billion on Monday.

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