February 28, 2017 / 8:20 AM / a year ago

Hong Kong stocks fall for 4th day ahead of Trump policy address

SHANGHAI, Feb 28 (Reuters) - Hong Kong stocks fell for the fourth session in a row on Tuesday as a months-long rally showed further signs of fatigue, and as investors awaited a speech by U.S. President Donald Trump for details on tax reform and infrastructure spending.

The Hang Seng index fell 0.8 percent to 23,740.73 points, while the China Enterprises Index lost 0.3 percent to 10,297.96.

The Hang Seng has gained around 8 percent so far this year, while the HSCE has climbed nearly 10 percent.

Much of the market’s attention was on Trump, who said he would talk about plans for “big” infrastructure spending in his first major policy address to Congress on Tuesday (9 pm ET/0200 GMT on March 1).

Most sectors fell on Tuesday, with telecom and energy shares among the biggest losers. (Reporting by the Samuel Shen and John Ruwitch; Editing by Kim Coghill)

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