[ET Net News Agency, 15 December 2017] HK stocks closed sharply lower on Friday morning
session following the decline of global equity markets overnight. The Hang Seng Index
opened down 166 points to 29,000. It then saw its losses widen to 363 points, seeing an
intra-day low of 28,803 at one stage.
The Hang Seng Index ended down 332 points or 1.1% to 28,833. The H-share index also fell
177 points or 1.5% to 11,353. Half-day turnover increased to HK$64.3 billion from HK$61.2
billion on Thursday.
Sunny Optical Technology (02382) rebounded slightly to HK$103.5, up 0.5%. The stock has
fallen 21% month-to-date.
Market heavyweights were softer. Tencent (00700) dipped 1.5% to HK$391.2. HKEX (00388)
slipped 1.3% to HK$226. AIA (01299) edged down 0.6% to HK$61.8.
Property counters also saw selling pressure. Henderson Land Development (00012) fell
0.7% to HK$49.5. Sun Hung Kai Properties (00016) dipped 1.6% to HK$125.5. New World
Development (00017) softened 1.6% to HK$11.22. Hang Lung Properties (00101) declined 1.9%
to HK$18.34.
Macau government proposed six casino operators to jointly set up a business to operate a
shared shuttle bus service serving their respective properties. Galaxy Entertainment
(00027) rose 0.7% to HK$61.2. Melco International Development (00200) nudged up 0.4% to
HK$22.6. Wynn Macau (01128) gained 0.4% to HK$22.3. But Sands China (01928) added 0.4% to
HK$40.4. SJM Holdings (00880) put on 0.7% to HK$6.84. MGM China (02282) was unchanged at
HK$23.95. (KL)