Hong Kong Shares Close Lower; Tech and Oil Stocks Weigh -- Market Talk
Dow Jones07-25
0834 GMT - Hong Kong shares closed lower, dragged by tech and oil companies. Investors are waiting for more specific policies from the month-end Politburo meeting after the Third Plenum summit gave only general outlines for reforms. Meituan led the losses, down 5.5%, while Lenovo dropped 3.9%. Cnooc and PetroChina fell 3.9% and 3.7%, respectively. Meanwhile, Haier Smart Home rose 5.1% and Xinyi Solar added 3.0%. The benchmark Hang Seng Index closed 1.8% lower at 17004.97 and the Hang Seng Tech Index fell 2.0%.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
July 25, 2024 04:35 ET (08:35 GMT)
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