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Print Print edition: 2016-11-04

Hong Kong shares lower

Published November 4, 2016 Updated November 4, 2016 12:00am

Hong Kong stocks closed at a 2-1/2-month low on Thursday, as worries over the tightening US presidential election race outweighed optimism generated by an upbeat China service sector survey. The Hang Seng index fell 0.6 percent to 22,683.51 points, while the China Enterprises Index lost 0.4 percent to 9,482.01.
Hang Seng's close is the lowest since August 11, though the index drew brief support from a private survey showing growth in China's services sector accelerated in October.
All main sectors fell, with energy and technology shares leading the decline.
Traders said the US election represents the biggest risk to investors and suppressed risk appetite, driving money flows into perceived safe haven assets like gold.

Copyright Reuters, 2016

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