Hong Kong: Weaker on US concerns
SHARES fell 0.36 per cent yesterday as traders grow concerned about a budget stand-off in Washington that could shut down parts of the United States economy within days.
The benchmark Hang Seng Index lost 84.60 points to 23,125.03 on turnover of HK$53.29 billion.
Enthusiasm over the US Federal Reserve's decision last week to maintain the pace of its bond-buying programme also dimmed.
"Hong Kong retail middleman Li & Fung Ltd fell 3.1 per cent to HK$11.42 while flagship carrier Cathay Pacific fell 2.2 per cent to HK$15.02. AFP