Hong Kong Stocks extend losses

The Hong Kong stock market finished at 4-1/2-month low on Friday, 16 December 2016, as caution over interest rate increases and the soaring US dollar dented confidence. A Fed rate hike affects borrowing costs in Hong Kong as the city's monetary policy is linked to that of the United States. The Hang Seng Index ended down 0.18%, or 38.65 points, to 22,020.75, while the Hang Seng China Enterprises index dropped 0.09%, or 8.83 points, to 9,470.33. Turnover decreased to HK$71.7 billion from HK$80.8 billion on Thursday.

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