0837 GMT - Hong Kong shares ended lower, pulling back after a recent rally. The market is waiting for new catalysts, such as policy headwinds and improvement in China's macro and micro fundamentals, to resume the bull run, CCB International analysts say in a note. Most sectors ended in the red, with energy and real estate leading the losses. PetroChina dropped 1.85% and Cnooc was 2.4% lower. Real-estate stocks fell as investors digested China's recent stimulus measures. China Resources Land was down 3.2% and Longfor Group shed 3.6%. Semiconductor stocks lifted the market, with SMIC gaining 4.9%. The benchmark Hang Seng Index ended 1.3% lower at 18230.19; the Hang Seng Tech Index shed 0.3%. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
May 30, 2024 04:37 ET (08:37 GMT)
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