ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Equities

Hong Kong stocks slip from record high

Guotai Junan, Beijing Enterprises Water drop after share placements

HONG KONG (Nikkei Markets) -- Hong Kong stocks retreated on Thursday from the previous day's record high, as concern grew that a string of share placements and issuances by companies could boost supply and cap market gains.

The benchmark Hang Seng Index was down 0.3% to 32,856.00 by the noon lunchbreak, poised for a decline for the first time in eight trading days. The 51-stock index, among the world's best performing equity benchmarks this year, briefly rose above the psychologically important 33,000 level in intraday trading on Wednesday, but failed to stay there amid worries the market may be overheating.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more