Further Damage Tipped For Hong Kong Stock Market

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Further Damage Tipped For Hong Kong Stock Market

(RTTNews) - The Hong Kong stock market has tracked lower in three straight sessions, giving away almost 580 points or 2.1 percent along the way. The Hang Seng Index now rests just beneath the 25,390-point plateau, and the market is looking at another soft start again on Wednesday. For the day, the index plummeted 395.16 points or 1.53 percent to finish at 25,389.01 after trading between 25,251.72 and 25,838.27. The European markets were slightly lower and the U.S. bourses were off for Independence Day, and the Asian markets are tipped to open in the red. The Hang Seng finished sharply lower on Tuesday following losses from the financials, properties and casinos, while the oil companies were firm.





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