Hang Seng Index Down 2.2%; Trade Sector Led
The Hang Seng Index fell 2.2% to 19,623.32 in Hong Kong. The decline was the biggest since a 2.8% drop on Nov. 12 and followed a 0.1% gain in the previous session.
Today, trade and industrial stocks led the market lower, as all sectors lost; 82 of 83 stocks fell, while 1 rose.
Alibaba Group Holding Ltd. contributed the most to the index’s decline, dropping 1.3%. Semiconductor Manufacturing International Corp. was the biggest decliner, down 8.8%.
Source: Bloomberg