Traders said a correction had been expected. Even after the fall, the index is up 13 per cent this month. Dealers say the rise will resume; underlying strength is shown by heavyweight China Telecom (HK), which closed up 1 per cent, taking its gains in November to 42.5 per cent.
Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.
STOCKS CLOSED sharply lower as investors took profits and closed out positions ahead of a US holiday weekend. The Hang Seng ended down 308.51 points at 14,998.77.