SHANGHAI May 5 Hong Kong stocks posted their
biggest daily percentage decline in two weeks on Friday as
resources shares tumbled on sharply weaker oil and commodity
Sentiment was not helped by a bearish stock market in China,
where main indexes fell to three-month lows amid lingering
worries about economic growth and tighter regulations.
The Hang Seng index fell 0.8 percent, to 24,476.35,
while the China Enterprises Index lost 1.6 percent to
For the week, Hang Seng was down 0.6 percent, while HSCI
lost 0.9 percent.
Fresh falls in commodities raised concerns about the health
of the global economy, while oil prices plunged to five-month
lows on Thursday as OPEC and other producers appeared to rule
out deeper supply cuts to reduce the world's persistent glut of
Indexes tracking energy and material
stocks dropped 2.3 percent and 1.8 percent, respectively.
(Reporting by the Shanghai Newsroom; Editing by Sam Holmes)