The Hong Kong stock market closed down after swinging between small gains and losses on Thursday, 18 June 2018, after the Legislative Council rejected an election reform package. The selloff also pressured by tracking sharp losses in the Mainland China A-share market today and as the Federal Reserve indicated that interest rates likely commence this year, but rise would more slowly than expected. The Hang Seng Index declined 59.13 points or 0.22% to finish at 26694.66, off an intra-day high of 26873.67 and day low of 26595.96. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, surrendered 151.46 points, or 1.13%, to 13263.37 points. Turnover decreased to HK$106.60 billion from HK$120.82 on Wednesday.
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