Nov 29 Hong Kong markets fell on Tuesday,
weighed down by energy shares as oil prices dropped on doubts
that producer cartel OPEC would hammer out an output cut this
Investors' risk appetite was also curbed by a lacklustre
performance in global equity markets overnight.
Wall Street suffered its worst performance in nearly a
month, while European stocks also softened, led by a
slump in Italian banks as political risk resurfaced in Europe
ahead of a referendum in Italy this weekend.
The benchmark Hang Seng index ended down 0.4 percent
at 22,737.07 points, while the China Enterprises Index
lost 0.3 percent to 9,846.21.
The Organization of the Petroleum Exporting Countries (OPEC)
will meet in Vienna to discuss a planned production cut in an
effort to curb overproduction that had dogged markets and more
than halved prices since 2014. The uncertainty has prompted oil
price to fall.
Sentiment was also dampened by falling coal prices. China's
thermal coal futures lost nearly 3 percent to a
5-1/2-week low. Index heavyweight China Shenhua Energy Co Ltd
slid 1.5 percent.
Sector performance was mixed, with energy and raw
material shares sliding and industrial and
(Reporting by Jackie Cai and John Ruwitch; Editing by