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Hong Kong Bourse May Extend Losing Streak

(RTTNews) - The Hong Kong stock market has ticked lower in consecutive trading days, giving away more than 60 points or 0.2 percent along the way. The Hang Seng Index now rests just above the 26,435-point plateau and it's tipped to open in the red again on Wednesday.

The global forecast for the Asian markets is flat ahead of the FOMC statement later today - with a hint of downside on trade concerns. The European and U.S. markets were slightly lower and the Asian markets are tipped to open in similar fashion.

The Hang Seng finished slightly lower on Tuesday following losses from the oil companies, properties and casinos.

For the day, the index lost 58.11 points or 0.22 percent to finish at 26,436.62 after trading between 26,355.53 and 26,527.09.

Among the actives, China Mengniu Dairy plummeted 1.29 percent, while Techtronic Industries plunged 0.91 percent, CITIC tumbled 0.90 percent, Sands China skidded 0.68 percent, Galaxy Entertainment sank 0.67 percent, AAC Technologies dropped 0.65 percent, Power Assets shed 0.63 percent, China Life Insurance advanced 0.50 percent, WH Group shed 0.38 percent, CNOOC lost 0.35 percent, AIA Group fell 0.26 percent, China Petroleum and Chemical (Sinopec) slid 0.23 percent, New World Development dipped 0.20 percent, Tencent Holdings and Industrial and Commercial Bank of China both collected 0.18 percent, CSPC Pharmaceutical eased 0.12 percent and BOC Hong Kong, Hong Kong & China Gas, China Mobile, Ping An Insurance and China Resources Land all were unchanged.
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