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HK stocks close 0.75% lower- Wednesday

(Xinhua)
Updated: 2010-02-24 17:47

HONG KONG: Hong Kong stocks dropped 0.75 percent on Wednesday after a sharp two-day rally as renewed concerns about the global economy prompted investors to book gains after a fall in US consumer confidence spurred losses on Wall Street.

Related readings:  HK stocks tumble most in 2 weeks on Feb 20  Hong Kong stocks tumble 2.59% on Feb 19

The benchmark Hang Seng Index ended 155.26 points lower to close at 20,467.74, easing after hitting its highest close in nearly three weeks on Tuesday.

Turnover was HK$53.99 billion ($6.95 billion).

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