Hong Kong stocks end lower as tech shares slide
** The Hang Seng index ended 193.96 points or 0.66% lower at 29,113.50, while the Hang Seng China Enterprises index fell 0.76% to 11,563.5. ** The sub-index of the Hang Seng tracking energy shares rose 0.1%, while the IT sector dipped 1.39%, the financial sector ended 0.21% lower and the property sector dipped 0.4%.
- Country:
- China
Hong Kong stocks closed lower on Thursday, on weakness in tech shares and worries about recent tighter liquidity conditions in mainland Chinese markets. ** The Hang Seng index ended 193.96 points or 0.66% lower at 29,113.50, while the Hang Seng China Enterprises index fell 0.76% to 11,563.5.
** The sub-index of the Hang Seng tracking energy shares rose 0.1%, while the IT sector dipped 1.39%, the financial sector ended 0.21% lower and the property sector dipped 0.4%. ** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.92%, while Japan's Nikkei index closed down 1.06%.
** Regional markets also eased as higher interest rates in mainland China raised investor worries that policymakers may be starting to shift to a tighter stance to rein in share prices and property markets. ** Alibaba gained after its fintech arm Ant Group agreed to a restructuring plan with Chinese regulators under which it will become a financial holding company, a source told Reuters.
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