China Mobile helps trim losses as analysts consider mild correction healthy after huge gains in past weeks
Hong Kong stocks fell for the first day in six yesterday amid shrinking buying momentum as punters preferred to stay on the sidelines ahead of the long Easter holiday.
Market turnover fell to a two-week low of $29.98 billion, compared with $31.55 billion on Monday.
'The long weekend ahead means uncertainties to investors, discouraging them from buying in the currently high-level market,' said Linus Yip, a strategist at First Shanghai Securities.
The Hang Seng Index slid 140.59 points at one stage in the morning, but China Mobile helped the benchmark to recover most of its losses right before the market closed.
The blue-chip index finished 45.78 points, or 0.28 per cent, lower at 16,475.81.
