Hong Kong Shares End Lower; Biotech and Tech Stocks Weigh -- Market Talk

Dow Jones2024-12-17

0828 GMT - Hong Kong shares closed lower, with biotech and tech stocks leading the declines. Market sentiment remained subdued after the latest central government meeting failed to impress investors. Wuxi Biologics dropped 2.55% and Sinopharm Group fell 2.9%. Xiaomi shed 1.3% and Alibaba Group declined 1.1% after the company said it would record a loss of $1.28 billion on the sale of a department store chain. Among the few gainers, Haidilao International was the best performer, gaining 3.1%. Cnooc rose 1.7%. The benchmark Hang Seng Index closed 0.5% lower at 19700.48 and Hang Seng Tech Index dropped 0.6%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 17, 2024 03:28 ET (08:28 GMT)

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Market sentiment remained subdued after the latest central government meeting failed to impress investors. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1880383366.USD","symbol_name":"东方汇理中国股票基金 A2 (C)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492598050","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492598050","pubTimestamp":1734424080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0828 GMT - Hong Kong shares closed lower, with biotech and tech stocks leading the declines. 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