Hong Kong Stocks fall on profit taking

The Hong Kong stock market ended down on Tuesday, 08 March 2016, as profit taking selloff fueled after soggy Chinese trade numbers. China's February trade performance was much worse than economists had expected, with exports tumbling 25.4 per cent from a year earlier and imports sliding 13.8 per cent in dollar-denominated terms. The benchmark Hang Seng Index declined 148.14 points, or 0.73%, to 20011.58 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, dropped 121.09 points, or 1.4%, to 8505.22 points. Turnover reduced to HK$62.6 billion from HK$74.9 billion on Monday.

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