Chinese stocks led Hong Kong stocks sharply lower

Wall Street Thursday sharp pullback, the Asia-Pacific region all the stock market lower Friday, by this drag, Hong Kong stocks sharply lower Friday after a repeated shocks, the Hang Seng Index fell below 23,000 points, led by Chinese stocks were the main force.

The Hang Seng Index closed at 22,741 points, down 347 points, or 1.5 percent; China Enterprises Index closed at 12,422 points, down 336 points, or 2.63 percent. The market turnover of 61.4 billion Hong Kong dollar.

DBS is expected of Li Yongliang, if the U.S. market no longer reported on credit crisis of bad news, stock prices after the adjustment will regain their recent gains. He predicted that the index may be short-term re-test 24000-25000 points. If more weak market sentiment, the stock index may test the strong support of 21800-22000 points region.

Source: China Securities Network