One culprit is CNOOC losses.
A Reuters report said “Hong Kong shares are set to open lower on Thursday, poised to extend a five-day losing streak, tracking global market weakness with losses in Chinese oil giant CNOOC Ltd dragging the Hang Seng Index below a chart support.”
The Hang Seng Index was set to open down 1.26 percent at 18,122.73, according to the report.
View the report here.
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