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Monday, December 19, 2016, 16:26

HK stocks fall

By Reuters

Hong Kong stocks slid to 4-1/2 month lows on Monday, extending declines since last week's US rate hike

The benchmark Hang Seng index fell 0.9 percent, to 21,832.68 points.

The Hong Kong China Enterprises Index, which tracks Hong Kong-listed Chinese firms, lost more, the index was down 1.0 percent, to 9,377.43 points.

Index heavyweight Bank of China Ltd lost more than 1.4 percent at the close, hitting a nearly one-month low.

Media reports said that mainlanders would face more curbs when buying insurance in Hong Kong. Shares of AIA Group Ltd retreated nearly 1.5 percent.

All main sectors in Hong Kong lost ground.

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