Hong Kong Shares Fall On Profit Taking

Hong Kong shares tumbled in the morning session Tuesday as profit-takers moved in following a six-day rally, as China and the United States prepare for renewed trade talks.

The Hang Seng Index fell 0.9 percent, to 31,256 by the break, having gained more than 5 percent over the past six trading days.

On the mainland, the Shanghai Composite Index slipped 0.1 percent, to 3,1720, while the Shenzhen Composite Index edged up 0.2 percent, to 1,826.

In Japan, the stocks fell as investors cashed in profits following three straight days of gains. The benchmark Nikkei 225 index lost 0.2 percent, to close at 22,818.

Seoul gave up 0.6 percent and Taipei dipped 0.2 percent. However, there were gains in Manila and Kuala Lumpur.s.

While the US dollar was flat against its main peers it was sharply up against most high-yielding currencies including the South Korean won, Mexican peso and Indonesian rupiah.

(AFP)

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