Hang Seng Index Falls 1.7%; Led by Commerce Sector
The Hang Seng Index fell 1.7% at 17,691.97 in Hong Kong. The move was the biggest since falling 2.1% on Aug. 2 and follows the previous session's increase of 1.1%.
Today, commerce and industry stocks led the market lower, as all sectors lost; 70 of 82 shares fell, while 11 rose.
Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 2.4%. New World Development Co. had the largest drop, falling 13.0%.
Source : Bloomberg