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Hong Kong shares end down

Thursday, 16 October 2014


Hong Kong shares finished lower on Thursday on worries over slowing global growth prompted by a slew of weak US economic data, but losses were limited by a more positive outlook on China. The Hang Seng Index closed down 1.0 per cent at 22,900.94 points, with the China Enterprises Index of the leading offshore Chinese listings in Hong Kong also down 1.0 per cent. Some analysts said better-than-expected money supply and lending data from the mainland as well as the approaching announcement of the Shanghai-Hong Kong stock connector launch date dampened the negative impact of weaker overseas markets. Chinese sportswear maker Anta posted its biggest single-day drop of 10.9 per cent after major shareholders planned to seek HK$1.14 billion ($146.96 million) worth of existing shares, according to Reuters.