Press Releases in Hong Kong

Hong Kong shares slip in subdued trade ahead of Powell speech

Hong Kong shares slipped on Wednesday after two sessions of strong gains, but trading activity was muted ahead of the US Federal Reserve symposium on Friday.

At the close of trade, the Hang Seng index was down 33.97 points or 0.13 percent at 25,693.95, after climbing more than 3.5 percent in the previous two sessions. The Hang Seng China Enterprises index fell 0.25 percent to 9,076.03. 

The sub-index of the Hang Seng tracking energy shares rose 1.2 percent, while the IT sector rose 0.21 percent, the financial sector ended 0.19 percent lower and the property sector dipped 0.06 percent. 

About 1.56 billion Hang Seng index shares were traded, roughly 73.2 percent of the market’s 30-day moving average of 2.13 billion shares a day. The volume traded in the previous trading session was 2.05 billion.