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Hang Seng Index Slips 0.2%, Weighed by Oil Majors, Banks


Tuesday, 3 December 2019 16:05 WIB

SahamHongkong IndeksHangSeng


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Hong Kong stocks closed lower as oil majors and banks were broadly weaker.

The Hang Seng Index ended down 0.2% at 26391.30. Among energy stocks that dragged the index, China Petroleum & Chemical Corp. lost 0.9%, while PetroChina and CNOOC were down 0.6% and 0.2%, respectively. HSBC Holdings was the worst-performing financial stock on the index with a 0.8% loss.

Most Chinese banks also had a weaker finish. Bank of China shed 0.6% and Industrial & Commercial Bank of China shed 0.5%. Hong Kong developers gained after the local government on Tuesday promised more relief measures for the city's struggling economy.

Source : Bloomberg


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