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Hong Kong stocks stumble after six-day rally


Wednesday, 16 May 2018 04:32 WIB

HANG SENGSahamHongkong


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Hong Kong stocks tumbled more than one percent Tuesday as profit-takers moved in following a six-day rally, while investors were also looking ahead to fresh trade talks between China and the United States this week.

The Hang Seng Index dropped 1.23 percent, or 389.05 points, to close at 31,152.03, having risen more than five percent during its recent surge.

The benchmark Shanghai Composite Index added 0.57 percent, or 18.09 points, to 3,192.12 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was up 0.91 percent, or 16.63 points, to 1,839.88.


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