Hong Kong Stocks fall to five-month lows

The Hong Kong stock market finished down on Tuesday, 20 December 2016, touching five-month lows, hurt by weakness in mainland companies listed in the city. Chinese markets fell after Beijing's move to tighten supervision of shadow banking activities on Monday and persistent liquidity concerns restrained risk appetite. Sector performance was mixed, with gains in telecommunication stocks cancelled out by losses in financial stocks. Hong Kong's benchmark Hang Seng Index declined 0.47% or 103.62 points to close at 21,729.06. The Hang Seng China Enterprises Index, known as the H-shares index, ended 1% or 94.02 points lower at 9,283.41. Turnover reduced to HK$53.7 billion from HK$55.8 billion on Monday.

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