Energy, property firms help drag Hong Kong stocks down

 15 Jun 2017 - 11:30

Energy, property firms help drag Hong Kong stocks down
File Photo.

AFP

Hong Kong: Hong Kong stocks sank Thursday with energy firms hit by a plunge in oil prices, while the property sector was rattled by the Federal Reserve's interest rate hike and hints at further tightening.

The Hang Seng Index slipped 1.20 percent, or 310.56 points, to close at 25,565.34.

But the benchmark Shanghai Composite Index inched up 0.06 percent, or 1.81 points, to 3,132.49, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.91 percent, or 16.92 points, to 1,869.71.