Energy & Logistics Sector Immerse Hang Seng
Learn Stocks : The main Hang Seng Index - Hong Kong's return to continue the decline in trade this weekend (22/3) due to the massive selloff in the logistics sector and energy companies following a poor performance in the sector.
The sell mainly colored in a number of shares of Li & Fung Ltd.. and energy producers such as PetroChina Co.. and Kunlun Energy Co. after poor report their income. Shares of Li & Fung and each PetroChina fell 2.1% and 0.8%, while the Kunlun stock fell 1.1% despite an increase in annual earnings.
The main Hang Seng Index fell -0.33% recorded or -70.73 points in the range 22155.15, while the Hang Seng index futures dropped -85 points in the area of 22 177. Meanwhile, China's Shanghai Composite index dropped more than 0.2% to 2,319.78 range
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