Hong Kong stocks fall

Hong Kong stocks fell on Wednesday, with sentiment hurt by sharp losses on Wall Street on concerns US President Donald Trump will struggle to deliver tax cuts and other reflationary economic policies. The benchmark Hang Seng index broke a four-session winning streak. It fell 1.1 percent at the close, to 24,320.41 points. The Hong Kong China Enterprises Index lost 1.8 percent, to 10,456.96 points, partly due to weaker southbound inflows from Shanghai through a trading link.
"Investors are taking a review of the global economic recovery as Trump fails to put forward specific figures on his tax cut policies and infrastructure plans," said Linus Yip, strategist at First Shanghai Securities Ltd.