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Thursday, November 17, 2016, 16:37

Shares slip, hurt by Tencent's disappointing results

By Reuters

Hong Kong's benchmark Hang Seng Index edged lower on Thursday, with continued strength in the US dollar hurting sentiment in Asia, but the decline was limited by strength in the services sector.

The benchmark Hang Seng index fell 0.1 percent, to 22,262.88, while the China Enterprises Index lost 0.4 percent, to 9,326.54 points.

An index tracking Hong Kong-listed technology firms lost nearly 1 percent on Thursday, weighed down by Tencent Holdings Ltd which dropped over 1 percent on worse-than-expected third quarter results released after the market close on Wednesday.

The service sector was the top performer, aided by heavyweight Sands China Ltd which jumped nearly 5 percent.

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