CHINA: Markets in Hong Kong and Shanghai close flat, reversing an early gain, hurt by profit-taking

Record ID: 872824

  • Title: CHINA: Markets in Hong Kong and Shanghai close flat, reversing an early gain, hurt by profit-taking
  • Date: 17th August 2011
  • Summary: HONG KONG, CHINA (AUGUST 16, 2011) (REUTERS) STOCK EXCHANGE BROKERS TRADING AT STOCK EXCHANGE ELECTRONIC BOARD SHOWING STOCK PRICES MORE OF BROKERS TRADING AT STOCK EXCHANGE MORE OF ELECTRONIC BOARD SHOWING STOCK PRICES MORE OF BROKERS TRADING AT STOCK EXCHANGE BROKERS TRADING AT STOCK EXCHANGE WITH CLOSING BELL RINGING ELECTRONIC BOARD SHOWING HANG SENG INDEX BROKERS COLLECTING TRADE RECORD PRINTOUT FROM PRINTERS SHANGHAI, CHINA (AUGUST 16, 2011) (REUTERS) EXTERIOR OF A SECURITIES FIRM MAN WALKING INTO A SECURITIES FIRM PEOPLE INSIDE SECURITIES FIRM LOOKING AT ELECTRONIC BOARD SHOWING STOCK PRICES ELECTRONIC BOARD SHOWING SHANGHAI COMPOSITE STOCK INDEX PEOPLE LOOKING AT ELECTRONIC BOARD MAN WATCHING ELECTRONIC BOARD SHOWING STOCK PRICES MAN OPERATING COMPUTER MORE OF MAN WATCHING STOCK INFORMATION ON SCREEN
  • Embargoed: 1st September 2011 13:00
  • Keywords:
  • Location: China, Hong Kong, China
  • City:
  • Country: Hong Kong
  • Topics: Business,Health
  • Reuters ID: LVAA5MWO1P16JOFD7QV4JILQR4Q8
  • Aspect Ratio:
  • Story Text: Markets in Hong Kong and Shanghai closed flat on Tuesday (August 16), reversing early gains due to profit-taking by investors.
    The Hang Seng Index closed down 0.2 percent at 20,212.1 points, while the China Enterprise Index of the top Hong Kong-listed Chinese companies, also known as H-shares, closed down 0.1 percent at 10,946.6 points.
    Investors sold Hong Kong property firms and bought China-related ones in anticipation of a slowdown in global growth and the Hong Kong property market.
    The Shanghai Composite Index closed down 0.7 percent in average turnover, snapping a four-day winning streak as investors took profits on large caps.
    China's benchmark stock index ended down at 2,608.2 points after a 1.3 percent increase on Monday (August 15), while the property sub-index declined 2.1 percent.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2011. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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