Hong Kong stocks ended lower today on the day when the bourse operator, Hong Kong Exchanges and Clearing reverted to the closing stock auction, abandoned in 2009 amid price chaos.
The blue chip Hang Seng Index dipped by 0.07 percent, or 15.33 points, at 21,948.94 at the close.
For the closing auction, a reference price is determined by using the existing closing price calculation method - the average of five snapshot nominal prices taken from 3:59pm at 15-second intervals. Orders will be allowed for stocks that are up or down by 5 percent compared with the reference price and within the lowest ask and highest bid at the end of the order input period at 4:06pm.
In Shanghai today, the Composite Index ticked up by 0.10 percent, or 3.01 points, at 3,015.83 and the Shenzhen Composite Index was also up by 0.01 percent, or 0.24 points, at 2,019.81.
