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Hong Kong Stocks fall as China's housing curbs hurt developers

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Capital Market
The Hong Kong stock market closed at lowest level in one-month on Monday, 25 September 2017, dragged down by Chinese property developers' shares after mainland authorities imposed fresh curbs to prevent speculative activity in the housing market. The Hang Seng Index slid 1.4 per cent, or 380.19 points, to 27,500.34, lowest since September 6, and extending a 0.8 per cent slide last Friday after S&P Global Ratings downgraded the city and China's credit ratings in two separate moves. The Hang Seng China Enterprises Index, or the H-share gauge, lost 1.8 per cent to 10,912.46. Turnover increased to HK$110.97 billion from HK$92.6 billion on Friday.

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First Published: Sep 25 2017 | 3:58 PM IST

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