Hong Kong stocks end lower as global markets slide

China Resources Beer Holdings

07/10/2022 10:02

Oct 7 (Reuters) - Hong Kong stocks tracked broader Asian
shares lower on Friday, with Chinese property developers leading
the slide on concerns over their financial health amid slowing
economic growth in China.
    ** Participants were mostly staying away in the absence of
clear direction, in particular ahead of the reopening of China
markets after a week-long holiday, traders said. 
    ** At the close of trade, the Hang Seng index  .HSI  was
down 272.10 points or 1.51% at 17,740.05. The Hang Seng China
Enterprises index  .HSCE  fell 1.79% to 6,074.65.
    ** Chinese developer CIFI Holdings  0884.HK  hit a record
low on Moody's downgrade and rivals followed, sending the Hang
Seng Mainland Properties Index  .HSMPI  to end down 3.95%. CIFI
closed 8.3% lower. 
    ** A sub-index of the Hang Seng tracking energy shares
 .HSCIE  slipped 0.5%, while the IT sector  .HSCIIT  dipped
2.6%, the financial sector  .HSNF  ended 0.96% lower.
    ** The top gainer on the Hang Seng was Sands China
 1928.HK , which gained 1.88%, while the biggest loser was
Longfor Group  0960.HK , which fell 8.96%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 1.31%, while Japan's Nikkei index
 .N225  closed down 0.71%.
    ** The top gainers among H-shares were Semiconductor
Manufacturing International Corp  0981.HK  up 1.18%, followed by
China Resources Beer  0291.HK , gaining 0.86% and Nongfu Spring
 9633.HK , up by 0.42%.
    ** The three biggest H-shares percentage decliners were
Longfor Group, Country Garden Holdings  2007.HK , which fell
6.88% and Alibaba Health Information Technology  0241.HK , down
4.69%.
 (Reporting by Donny Kwok; editing by Uttaresh.V)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))