HK shares drop 0.5 pct to end at 2-week closing low

Fri Jul 10, 2009 4:10am EDT
 
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HONG KONG, July 10 (Reuters) - Hong Kong shares dropped 0.5 percent on Friday, pushing the main index to its lowest close in more than two weeks as worries about the global economic outlook kept buying in check after a four-month rally that began in March.

But investors piled into newly listed Amber Energy (0090.HK), helping the stock jump 63.2 percent to HK$2.71 by the session's close.

The benchmark Hang Seng Index .HSI finished down 82.17 points at 17,708.42, dropping 2.7 percent in its second straight week of losses.

The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, fell 0.6 percent to 10,574.42. (Reporting by Parvathy Ullatil; Editing by Chris Lewis)

 

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