Market Commentary - Foreign Markets
Hong Kong Market falls 1.5%
At closing bell, the benchmark Hang Seng Index declined 262.39 points, or 1.48%, to 17,466.90. The Hang Seng China Enterprises Index dropped 99.48 points, or 1.62%, to 6,030.77.
Shares of realty developers declined, China Evergrande Group falling 8.1% after a unit of the embattled property developer missed an onshore bond repayment, adding to its 22 per cent slump a day earlier, spurred by the cancellation of planned creditor meetings.
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