Hong Kong stocks hurt by political tensions, close at 4-week lows

Congyu Intelligent Agricultural Holdings

11/04/2017 09:10

April 11 (Reuters) - Hong Kong stocks closed at a four-week 
low on Tuesday geopolitical tensions involving North Korea and 
the Middle East hurt risk appetites.   
    The benchmark Hang Seng index  .HSI  dropped 0.7 percent at 
the close, to 24,088.46, while the Hong Kong China Enterprises 
Index  .HSCE  lost 0.9 percent, to 10,165.98. 
    Tuesday's Hang Seng close was the lowest since March 15. 
    Coal prices  DCJU7  slumped nearly 4.8 percent on Tuesday, 
weighing on shares of coal miners, after China's customs 
department issued an official order telling trading companies to 
return their North Korean coal cargoes.  urn:newsml:reuters.com:*:nL3N1HI2PB 
    Energy stocks were the biggest losers in a board-based 
decline, with an index tracking the sector  .HSCIE  shedding 1.3 
percent. 
    But an index of mainland property developers  .HSMPI  gained 
1 percent to close at a record high.   
 
 (Reporting by Jackie Cai and John Ruwitch; Editing by Richard 
Borsuk) 
 ((Jackie.Cai@thomsonreuters.com; +86 021 6104 1775)) 
 
Keywords: CHINA STOCKS/HONGKONG CLOSE