Around the World's Markets: Hong Kong

Wednesday 30 June 1999 23:02 BST

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THE MARKET dipped sharply just before the close as investors squared off positions ahead of the US interest rate decision and today's market holiday, marking the second anniversary of the return to Chinese rule.

Rumours that the Chinese Prime Minister Zhu Rongji might resign also weakened sentiment and the Hang Seng ended 233.35 lower at 13,532.14, although falls were mainly concentrated in blue chip shares, led by HSBC, Hang Seng Bank and Cheung Kong.

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