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China Enterprises index HSCE drops 1.28% HSI financial sub-index sinks 2.1%; property sector down 1%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed. By lunch break, the Hang Seng index was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index fell 1.28% to 10,686.87. The sub-index of the Hang Seng tracking energy shares slid 0.4%, while the IT sector dipped 0.94%, the financial sector fell 2.11% and the property sector was down 1.04%. China’s stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.
Hong Kong stocks end over 1% lower as financials, Mengniu weigh Reuters 2 hrs ago
Popular Searches HSI financial sub-index is down 2%; property sector slips 0.6%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, due to profit-booking after a recent rally in subdued trading as the Chinese markets were closed for holidays, while rising COVID-19 cases in the region raised concerns of more measures and deeper economic pain. The Hang Seng index closed down 367.34 points, or 1.28%, at 28,357.54, its lowest closing since March 29. The Hang Seng China Enterprises index fell 1.04% to 10,713. After identifying a cluster of COVID-19 cases over the weekend, Singapore tightened social distancing controls.
China Enterprises index HSCE drops 1.28% HSI financial sub-index sinks 2.1%; property sector down 1%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed. By lunch break, the Hang Seng index was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index fell 1.28% to 10,686.87. The sub-index of the Hang Seng tracking energy shares slid 0.4%, while the IT sector dipped 0.94%, the financial sector fell 2.11% and the property sector was down 1.04%. China’s stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.
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