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Hong Kong finished lower due to a pull-back from Wednesday's big gains and worry over the simmering Greek debt crisis. Funds flowed to laggards in the market.

A brief consolidation likely as worries about Greece, Iran and rising oil prices abate,leaving a slowdown in global economies as the primary negative.

Hong Kong opened higher, but gains were capped at 21,000 by worries over a weak Chinese economy and stocks retreated to end slightly lower.

Wall Street ended lower today with the S&P 500 closing below the 1400 level as investors grow more concerned about Europe and China's economic growth prospects.

Hong Kong closed lower for the fourth time this week amid worry over slowing Chinese economic growth and signs of weakness in Europe.

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