Hong Kong Market snaps four day rally

The Hong Kong stock market closed down on Wednesday, 07 September 2016, snapping four days of winning streak, hurt by surprisingly slow U.S. service-sector growth data which raised questions about possible rate increases by the Federal Reserve in the near term. The benchmark Hang Seng Index declined 45.87 points, or 0.19%, to 23741.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 31.80 points, or 0.32%, to 9970.19. Turnover increased to HK$79.6 billion from HK$75.6 billion on Tuesday.

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