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HK shares close down 1.3% on weaker Wall Street.
(From Business Daily Update)
Author:
Headline: HK shares close down 1.3% on weaker Wall Street
Hong Kong share prices dropped 1.3 percent on September 24 on the back of falls on Wall Street, with HSBC leading the way, dealers said.
The key Hang Seng index lost 117.19 points to close at 9,197.68 on turnover of HK$4.72 billion (US$605 million).
HSBC led the initial losses after news it may make additional provisions for its loan exposure in Brazil. Standard and Poor's said later it may downgrade Hong Kong property companies, which sent shares in the sector lower.
Francis Lun, general manager of Fulbright Securities, said …
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