Hong Kong Stocks retreat on profit booking before the Fed meeting

The Hong Kong stock market declined from its highest level in 27 months on Tuesday, 19 September 2017, as investors elected to cash recent profit, with property developers among the notable decliners amid concern about valuations and caution ahead of the U.S. Federal Reserve's policy meeting this week. The Hang Seng Index closed down 0.4%, or 108.36 points, at 28,051.41. The Hang Seng China Enterprises Index eased 0.6% or 70.27 points to 11,125.71. Turnover decreased to HK$99.6 billion from HK$112 billion on Monday.

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