Hang Seng Index Falls 1.4%; Alibaba Leads Decline
The Hang Seng Index fell for the fifth day, dropping 1.4%, or 247.34 to 17,196.96 in Hong Kong. The index dropped to the lowest closing level since Aug. 15.
Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. PetroChina Co. had the largest drop, falling 6.2%.
Today, 71 of 82 shares fell, while 9 rose; all sectors were lower, led by commerce and industry stocks.
Source : Bloomberg