Hong Kong share market closed lower in volatile trade on Wednesday, 03 December 2014, as profit booking resumed following yesterday's rebound. The benchmark index opened 101 points higher and saw its gains gradually widen to 267 points at one stage in tandem with early rally of the Shanghai market. But the mainland market reversed its path in afternoon session and pulled the local market lower to 275 points at one point. The Hang Seng Index ended down 225 points to 23,428, off an intra-day high of 23,921 and low of 23,378. Turnover surged to HK$123.2 billion, the highest level since February, from HK$104 billion on Tuesday.
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