Hong Kong stocks News

China stocks swung wildly on Friday before ending the morning session up more than 2 percent

Hong Kong stocks fell Tuesday for a ninth successive session due to a late sell-off as investors await the conclusion of a much-anticipated US central bank meeting.

The operator of Hong Kong`s stock exchange said it will introduce new controls to rein-in volatility, in a long-awaited announcement that comes as Chinese shares see wild price swings, fueling fears of a mainland market collapse.

Despite increasing worries about Athens` future, the euro managed to tick up against the dollar and yen as traders await the outcome of policy meetings at the US Federal Reserve and Japanese central bank.

The benchmark Hang Seng Index lost 295.11 points to close at 26,566.70 on turnover of HK$123.15 billion (US$15.89 billion).

In mainland China the benchmark Shanghai Composite Index added 0.87 percent, or 44.76 points, to 5,166.35 on turnover of 1.1 trillion yuan ($179.8 billion). The market gained 2.85 percent over the week.

Tokyo fell 0.44 percent by lunch, Hong Kong lost 0.20 percent and Seoul gave back 0.38 percent, but Sydney was flat and Shanghai rose 1.54 percent.

The Hang Seng Index fell 0.88 percent, or 242.21 points, to 27,309.68 by the break on turnover of HK$81.88 billion ($10.57 billion).

Hong Kong shares ended 0.47 percent lower Tuesday, in line with a broad sell-off across Asia and despite gains on Wall Street, but Shanghai added 1.69 percent.

The Hang Seng Index added 199.95 points to 27,723.67.

The Hang Seng index rose 244.64 points, or 0.90 percent, to 27,534.61 shortly after the opening bell.

Hong Kong stocks were marginally lower in the first few minutes of trade Monday as China`s decision to cut the amount of cash banks must keep in reserve was offset by a mainland clampdown on margin trading.

Hong Kong stocks soared 3.67 percent in the morning session, with mainland investors using a cross-border investment tie-up with Shanghai to pile into the market.

Hong Kong stocks ended the morning session 1.50 percent higher Monday, with investors piling into the market after the head of China`s central bank hinted at further easing measures to boost the economy.

Hong Kong shares jumped 1.45 percent Thursday, in line with a broad regional advance after a dovish Federal Reserve statement cooled expectations of an early summer US interest rate hike.