Hong Kong Shares Lose 0.8% as Property, Tech Weigh -- Market Talk

Dow Jones2022-08-18

0825 GMT - Hong Kong's Hang Seng Index fell 0.8% to 19763.91, weighed by property, tech and auto shares. Regional markets tracked U.S. stock futures lower as investor focus returned to the Fed's potential interest-rate increases. Country Garden Holdings topped losers with a 5.2% decline, after it said 1H net profit is expected to slump. Alibaba Group lost 2.3% and JD.com slid 2.5%, but Tencent Holdings gained 3.1% after its 2Q results. Among other stock moves after earnings, Galaxy Entertainment dropped 2.1% after swinging to 1H loss, while Geely Automobile was down 3.1% following a 35% decline in 1H profit. (clarence.leong@wsj.com)

$(END)$ Dow Jones Newswires

August 18, 2022 04:25 ET (08:25 GMT)

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