Hong Kong shares pull back

Dhaka,  Sun,  04 December 2016
Published : 24 Nov 2016, 14:25:57

Hong Kong shares pull back

Hong Kong shares pull back
Hong Kong shares pulled back on Thursday even as Wall Street maintained a solid run, pressured by investors in emerging markets shifting focus back to the impact of a surging US dollar.

The prospect of rapid capital flight from emerging markets is a key risk factor for investors in Asia, especially under US President-elect Donald Trump's policies.

Traders are betting on a faster pace of monetary tightening by the Fed as Trump's policies are expected to boost domestic economic growth and push inflation higher.

The Hang Seng index dropped 0.4 per cent, to 22,597.88 points.

The Hong Kong China Enterprises Index lost 0.2 per cent, to 9,646.98, according to a news agency report.

-SRS-
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