Sun Hung Kai leads losses

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SHARES closed 0.26 per cent lower, with giant Sun Hung Kai Properties leading the losses after its tycoon co-chairmen Thomas and Raymond Kwok were arrested as part of a fraud probe.

The Hang Seng Index fell 53.81 points to 20,555.58 on turnover of HK$ 73.68 billion. However, the index gained 12 per cent over the first quarter of the year. AFP

Business Times : marketwatch

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