Today, the Hong Kong share market finished lower for the third session in a row as hawkish comments from a top US Federal Reserve official. In the morning trade, the benchmark Hang Seng Index went down 53.12 points, or 0.29 per cent, to 17,992.54. The Hang Seng China Enterprises Index tumbled at 15.17 points, or 0.25 per cent, to 6,125.40.

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After Moody’s said recent policy, the property developer dropped from Beijing would not be enough yet to overcome the gloomy trends on the ground. New World Development slipped 5.3 per cent to HK$19.22; Country Garden dropped 6.5 per cent to HK$2.61, whereas China Overseas Land dropped 4 per cent to HK$19.20.