Hong Kong Stocks Fall to 2-Week Low as Tingyi, Cnooc Drop
This article is for subscribers only.
Hong Kong stocks fell, with the benchmark index closing at its lowest in two weeks, as energy shares dropped and Tingyi (Cayman Islands) Holding Corp. led declines. Shares jumped earlier after police cleared more pro-democracy protest barricades in the city’s business center.
Cnooc Ltd., China’s largest offshore energy explorer, fell 3.1 percent as crude prices extended losses. Tingyi (Cayman Islands) Holding Corp. dropped as the snackmaker’s Taiwan affiliate plunged on food safety concerns. Agile Property Holdings Ltd. climbed 5.1 percent after plunging the most since October 2011 yesterday.