Hong Kong shares set for sixth loss in 7 days, China sinks further

Hong Kong shares were headed for a sixth loss in seven days on Thursday, with mainland Chinese markets also weaker, as investors remained concerned about a possible tapering of the US Federal Reserve’s bond buying programme.

Some investors were, however, considering a return to cyclical counters to benefit from a near-term rebound, with offshore Chinese indexes having fallen up to 8 per cent from mid-May highs, traders said.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1254758/hong-kong-shares-set-sixth-loss-7-days-china-sinks-further