HK stocks fall for fourth day
Hong Kong stocks fell, the benchmark Hang Seng Index posting its longest losing streak since December.
The reason? Concerns that China's economy is slowing.
The benchmark Hang Seng Index (HSI) slid 0.2 percent to 20,856.63 at the close in Hong Kong. The index fell for a fourth consecutive day, its longest losing streak since Dec. 15.
The Hang Seng China Enterprises Index (HSCEI) of mainland companies listed in the city dropped 0.9 percent to 10,776.
Based on the falls on overnight markets, Hong Kong shares are likely to open lower on Thursday. The Dow Jones Index has fallen after large gains posted since the start of the year. Some profit taking was a given.
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