Hong Kong stocks slip to 1-week low as growth risks multiply [Reuters]
HANG LUNG PPTYS S/ADR (HLPPY)
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Source: Reuters
Hong Kong stocks slip to 1-week low as growth risks multiply * Hang Seng down 0.6%, touches April 7 low; H-shares fall 0.5% * Analysts expect first China economic contraction since 1992 * IMF warns Asia growth to halt for the first time in 60 years HONG KONG, April 16 (Reuters) - The Hong Kong stock market drifted to its lowest level in over a week as worries about the coronavirus outbreak’s economic impact weighed, ahead of China’s first-quarter GDP data that is likely to be the worst in nearly three decades. ** The Hang Seng index closed down 0.6% at 24,006.45, after hitting its lowest level since April 7 earlier in the session. The Hang Seng China Enterprises index fell 0.5%. ** The sub-index of the Hang Seng tracking energy shares rose 0.3%, while the financial sector lost 1.4% and the property sector fell 0.2%. ** The top gainer on the Hang Seng was Tencent Holdings Ltd , which gained 3%, while the biggest loser was Hang Lung Properties Ltd, which fell 2.8%. ** China is expected
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