Hong Kong Stocks fall on profit taking

The Hong Kong stock market ended softer on Thursday, 03 March 2016, bucking the regional trend, due to profit taking selloff, following yesterday's sharp surge. The benchmark index opened up 78 points at 20,082, which marked the intra-day high. It then went south and fell as much as 211 point to an intra-day low of 19,791 at one stage. The benchmark Hang Seng Index declined 61.73 points, or 0.31%, to 19941.76 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 16.70 points, or 0.2%, to 8390.79 points. Turnover reduced to HK$71.7 billion from HK$92.7 billion on Wednesday.

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