HK stocks closed weaker on Wednesday in volatile trade, with the benchmark index seeing its losses widen to 191 points at one stage during afternoon session, while the index hit an intra-day high of 25,160.
The Hang Seng index ended down 150 points to 24,918. The H-share index fell 50 points to 11,074. Turnover rose slightly to HK$67.55bn from HK$64.5bn on Tuesday.
Henderson Land (00012) added 4% to HK$53.5 after a slew of research houses recommended the stock post interim earnings results. The stock was the top blue-chip winner.
China Telecom (00728) put on 1.6% to HK$4.41 as its results are better than expected.
Want Want (00151) slipped 2.1% to HK$10.41 and was the top blue-chip loser after its interim results, which showed a 3.5% growth in earnings.
Macau gaming players saw renewed pressure as more than 1,000 casino staffers have recently taken to the street, asking for better wages and benefits. Barclays has issued a research report lowering the gaming industry's revenues and target prices for the casino operators.
Galaxy Ent (00027) fell 2% to HK$59.2. Sands China (01928) edged down 0.8% to HK$52.
The NDRC announced to cut on grid tariff starting September. Brokers said IPPs rebounded as the notice removed overhang. Datang Power (00991) bounced 3.4% to HK$4.24. CR Power (00836) added 1% to HK$23.95 even its president Yu-Jun Wang was under investigation.
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