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HK stocks close 1.13% lower -- July 7

2010-07-07 17:35

HONG KONG - Hong Kong stocks slumped 227.05 points, or 1.13 percent, to close at 19,857.07 points Wednesday.

The benchmark Hang Seng Index opened 0.68 percent lower and was dragged further into the negative territory by profit-taking. The gauge lost as many as 284 points when hitting the day low of 19, 800.15.

Turnover was still low, at HK$42.5 billion ($5.46 billion).

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