Hong Kong stocks closed lower on Thursday following the slide of the Dow on Fed's comment that it would be "patient" in deciding when to raise rate, as well as the plunge of oil prices.
The Hang Seng Index ended down 265 points or 1.1% to 24,595, off an intra-day high of 24,739 and day low of 24,524. The H-share index fell 227 points or 1.9% to 11,736. Turnover rose to HK$89.5bn from to HK$80bn on Wednesday.
By market close, the southbound quota balance was RMB9.924bn, while the northbound quota balance was RMB10.114bn, accounting for 94.5% and 77.8% of the daily allowed quotas respectively.
Oil prices plunged to 6-year low after the US released higher-than-expected oil inventory. CNOOC (00883) slipped 2.5% to HK$10.2. PetroChina (00857) fell 2% to HK$8.42. Sinopec (00386) dipped 1% to HK$6.17.
Hengan (01044) put on 3.6% to HK$88.8 after Goldman Sachs put the stock into its conviction buy list. It was the top blue-chip gainer. CR Power (00836) declined 4% to HK$21.85 making it the worst blue chip, followed by CR Land (01109) and COLI (00688), both declined 4%.
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