Epic Research : Global Market Update

Hong Kong stocks fell in line with the broad regional losses Friday as an overnight sell-off on Wall Street and worries about the pace of the Federal Reserve's monthly bond purchases weighed on sentiment. 

The Hang Seng Index HK:HSI -0.66% fell 0.6% to 22,405.32 and the Hang Seng China Enterprises Index gave up 0.8% to 10,119.20. 

The resources sector was weighed despite an increase in gold and oil prices overnight, along with the property sector. Shares of PetroChina Co. HK:857 -2.80% PTR -1.08% fell 2.5% and China Coal Energy Co. HK:1898 -0.81% CCOZY -2.54% lost 1%, while among developers, China Overseas Land & Investment Ltd. HK:688 -2.41% CAOVY -0.55% dropped 2.4%. China's Shanghai Composite CN:SHCOMP -0.24% was marginally lower at 2,081.54
 
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