HK shares fall to 6-week low
Sunday, 16 March 2014
HONG KONG, Mar 14 (Reuters): Hong Kong shares fell to a six-week low on Friday, pulled down by index heavyweights Tencent Holdings Ltd and New World Development .
The Hang Seng Index fell 1 per cent to 21,539.49 points, its lowest close since February 6. For the week, it fell 4.9 per cent, its largest weekly loss since May 2012.
The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.3 per cent on the day and dropped 1.8 per cent for the week, its biggest weekly loss since October 2013.
Shares in China's largest listed Internet company Tencent Holdings Ltd fell 4.1 per cent to a one-month low after the People's Bank of China demanded that payments made by certain online mobile methods be halted.