Monday, October 12, 2009

Hong Kong stocks finish lower, ending 5-day rally

Hong Kong stocks reversed opening gains to close down 200.09 points, or 0.93 percent, at 21,299.35 on Monday, tracking losses on the Chinese mainland market and ending a five-day rally of the Hang Seng Index.

The benchmark index opened at the day's high of 21,623.33, but reversed early gains later. It once dipped to as low as 21,262.71 during the day's trading.

Turnover fell to a rather modest 44.18 billion HK dollars (5.71billion U.S. dollars) from Friday's 62.23 billion HK dollars (8.04billion U.S. dollars).