Markets

HK stocks close 1.13% lower -- July 7

(Xinhua)
Updated: 2010-07-07 17:35

HONG KONG - Hong Kong stocks slumped 227.05 points, or 1.13 percent, to close at 19,857.07 points Wednesday.

Related readings:  Mainland stocks lead Asian markets higher  Chinese shares advance the most in two weeks Tuesday  Hong Kong stocks close 0.32% lower -- July 5  Hong Kong stocks close 1.11% lower -- July 2

The benchmark Hang Seng Index opened 0.68 percent lower and was dragged further into the negative territory by profit-taking. The gauge lost as many as 284 points when hitting the day low of 19, 800.15.

Turnover was still low, at HK$42.5 billion ($5.46 billion).