• 35
  • 3
  • Favorite

Hong Kong stocks end lower as tech shares drag

Reuters2021-07-21

July 21 (Reuters) - Hong Kong stocks fell on Wednesday, as Beijing's tight regulation continues to weigh on technology shares.

The Hang Seng index ended 0.1% lower at 27,224.58, while the China Enterprises Index lost 0.3%, to 9,831.02 points.

Shares in Chinese property giant Evergrande Group fell 1.8%, after falling 33% in the previous two sessions. Investor concerns persist even after a housing authority in China removed an earlier sales suspension at Evergrande's two residential projects on Tuesday.

CSOP China Healthcare Disruption Index ETF debuted in Hong Kong on Wednesday, and the ETF dipped 0.9%.

The Hang Seng Tech Index fell, as Beijing's tight regulations continue to weigh on the sector.

The Cyberspace Administration of China $(CAC)$ said on Wednesday it summoned representatives of Kuaishou , Tencent's messaging tool QQ, Alibaba's Taobao and Weibo for spreading child-related obscene content.

CAC said in a statement it ordered the platforms to "rectify" and "clean up" all illegal content, and that CAC would fine the platforms.

Kuaishou dropped 1.8% and Tencent lost 0.8%.

(Reporting by the Shanghai Newsroom)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

  • Linh2
    ·2021-07-21
    good
    Reply
    Report
  • Matchbox20
    ·2021-07-21
    What happened HK?
    Reply
    Report
  • ToTheMOON
    ·2021-07-21
    Like
    Reply
    Report
    Fold Replies
    • Linh2
      Like too
      2021-07-21
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial