Business News

Hong Kong stocks down by break, snapping rally

HONG KONG, July 5, (APP/AFP) – Hong Kong stocks fell
in the morning session Tuesday as traders cashed in profits after three straight days of gains while energy firms were hit by falling oil prices.
The Hang Seng Index slipped 0.82 percent, or 173.36 points, to 20,885.84 by the break.
But the benchmark Shanghai Composite Index gained 0.40 percent, or 12.06 points, to 3,000.66, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, edged down 0.10 percent, or 2.01 points, to 1,999.68.