Casino stocks fall 4 pct at the HKSE

Yesterday’s HS index fell for a fifth day and ended at its lowest level in eight months, pulled down by sluggish global markets and pessimism over China’s economy.
The Hang Seng index fell 1.8 percent, to 22,757.47, while the China Enterprises Index, which tracks big Chinese companies listed in Hong Kong, lost 2.3 percent, to 10,402.72 points.
Yesterday’s close was the lowest for the Hang Seng Index since Dec. 18.
Macau casino stocks experienced their worst decline in six weeks in the HKSE, falling 4 percent overall.
Galaxy Entertainment slumped 6 percent to its lowest level since March 2013, after Galaxy reported lackluster second-quarter earnings the day before.