Hong Kong stocks fall, as markets wait to hear China’s plans

HONG KONG (MarketWatch) — Hong Kong stocks extended losses Wednesday, as markets cautiously wait for China to reveal its major economic programs and targets for the year.
The Hang Seng Index HSI, -0.96%  closed 1% lower, while the Hang Seng China Enterprises HSCEI, -1.73%  , which tracks Hong Kong-listed mainland Chinese companies, was down 1.7%.
Chinese Premier Li Keqiang is scheduled to present his annual government work report on Thursday at the plenary meeting of China’s legislature — the National People’s Congress. Analysts expect him to lower China’s economic-growth target for 2015 from its level of “around 7.5%” for last year.

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