Hong Kong Stocks extend losses

The Hong Kong stock market declined for third day in row on Tuesday, 28 June 2016, as investor sentiments continued to be gripped by anxiety after Britain's stunning vote to exit the European Union last week, although losses were pared as other Asian markets picked up on hopes for stimulus. Among sectors, insurance, hotels and entertainment led the declines, while retailers gained. The benchmark Hang Seng Index fell 54.84 points, or 0.27%, to 20172.46 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, slipped 31.05 points, or 0.36%, to 8536.16. Turnover increased to HK$65.8 billion from HK$62.6 billion on Monday.

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