Hang Seng Index Below 28,020 Down Favour Only — Neal Bhai Reports
Hong Kong share market closed down on Thursday, 30 August 2018, despite both the S&P and NASDAQ hit fresh records overnight, as investors cashed in after a healthy three-day run amid worries about the escalating Washington-Beijing trade war.
At closing bell, the Hang Seng Index declined 252.39 points or 0.89% to 28,164.05. The Hang Seng China Enterprises Index dropped 115.45 points or 1.04% to 10,967.61. The sub-index of the Hang Seng tracking the Commerce & Industry sector declined 1% and the financial sector was 0.9% down, meanwhile Utilities sector lost 0.4% and properties sector fell 0.8%. Turnover decreased to HK$78.6 billion from HK$80 billion on Wednesday.
