HONG KONG, July 21 (Reuters) – Hong Kong stocks snapped a
nine-day winning streak on Friday as investors took a breather
after the benchmark index scaled a fresh two-year peak in the
The Hang Seng index shed 0.1 percent, or 34.12 points
to 26,706.09, ending its longest streak of gains since April
2015. However, it rose 1.3 percent this week, its second week in
Gains in telcos and industrial stocks were offset by losses
in energy and financial shares.
The Hang Seng China Enterprises Index, which tracks
the performance of China companies listed in Hong Kong, was 0.6
percent, or 59.70 points, lower at 10,787.13.
AAC Technologies, which closed at a record high on
Thursday, was the biggest drag on the index with a sizable 12.1
A near 11 percent ascent in Power Assets Holdings
shares ensured that utilities took the honours for the
best performing sector in percentage terms.
The stock capped its biggest intraday rise since October,
(Reporting by Rushil Dutta in Hong Kong; Editing by Shri