Correction continues

STOCKS fell yesterday, with developers and Chinese banks the main losers as the index continued to correct after a 10-day winning streak.

The Hang Seng Index eased 0.38 per cent, or 82.47 points, to 21,428.58, its third straight loss, pushing the benchmark to its lowest close since October 17.

“The market may take a breather in November and then resume the uptrend in December for a traditional year-end rally,” Ben Kwong, chief operating officer at KGI Asia, told Dow Jones Newswires.

Property firms fell for a second straight session, with New World Development off 2.8 per cent at HK$ 11.74. Agencies

Business Times : marketwatch

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