August 29, 2017 / 8:22 AM / 2 years ago

Hong Kong shares fall after North Korean missile launch rattles investors

Aug 29 (Reuters) - Hong Kong stocks, along with those on major global markets, fell on Tuesday after North Korea fired a missile over Japan, escalating geo-political tensions.

The benchmark Hang Seng index slid 0.4 percent, to 27,765.01, while the China Enterprises Index also lost 0.4 percent, to 11,296.08 points.

North Korea fired a missile early on Tuesday that flew over Japan and landed in the Pacific about 1,180 km (735 miles) off Hokkaido. The test was seen as one of the most provocative ever from the reclusive state.

Most Asian share markets dropped on Tuesday after the missile launch, though the Shanghai benchmark inched up.

In Hong Kong, most sectors fell, with IT and financial shares leading the decline.

However, Hong Kong-listed Chinese real estate shares bucked the trend, with property giant China Evergrande Group jumping over 12 percent after it pledged to slash debt by 2020. (Reporting by the Shanghai Newsroom; Editing by Richard Borsuk)

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