Epic Research Singapore : Hang Seng Index

Hang Seng Index HK:HSI -0.75% down 0.8%. Financial shares led the decline, with China Life Insurance Co. HK:2628 -1.95% LFC -1.28% plunging 2.6%, Bank of Communications Co. HK:3328 -2.47% BKFCF -7.65% losing 2%, Industrial and Commercial Bank of China HK:1398 -1.38% IDCBF -1.48% down 1.4%. Resources stocks dropped, as China Resources Enterprise Ltd. HK:291 -0.20% dropped 2.4% and China Resources Power Holdings Co. HK:836 -1.36% declined 1.6%. Technology stocks outperformed the market. One of China's largest Internet companies Tecent Holdings Ltd. HK:700 +1.62% TCTZF -1.08% rose 0.3%, and leading software developer Kingsoft Corp. HK:3888 +3.32% KSFTF +18.22% advanced 4.8%. Kingsoft announced last week it had inked a licensing agreement to grant Tencent the right to use an office software it had developed. On the mainland, Shanghai Composite CN:SHCOMP -2.02% slumped 1.6%.
 
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