SEARCH

RPT-Hong Kong shares close lower on tech, healthcare retreat

02 Dec 2020 / 18:01 H.

    (Repeats to fix formatting)

    * Hang Seng index ends down 0.13%

    * China Enterprises index HSCE falls 0.81%

    * HSI financial sector sub-index 0.6% higher; property sector up 0.1%

    BEIJING/SHANGHAI, Dec 2 (Reuters) - Hong Kong shares settled lower on Wednesday, as technology and healthcare stocks dropped tracking mainland markets with investors taking a pause after a rally fuelled by upbeat factory data.

    ** At the close of trade, the Hang Seng index was down 35.10 points, or 0.13%, at 26,532.58. The Hang Seng China Enterprises index fell 0.81% to 10,573.79.

    ** The sub-index of the Hang Seng tracking energy shares rose 0.7%, the IT sector dipped 2.09%, the financial sector ended 0.59% higher and the property sector rose 0.11%.

    ** The top gainer on the Hang Seng was HSBC Holdings PLC , which climbed 3.66%, while the biggest loser was Xiaomi Corp, which fell 7.07% on a near $4 billion share sale.

    ** China's main Shanghai Composite index closed down 0.07%, while the blue-chip CSI300 index ended flat.

    ** Globally, renewed talk of a possible U.S. stimulus package failed to boost most of the Asian markets.

    ** Around the region, MSCI's Asia ex-Japan stock index was firmer by 1.21%, while Japan's Nikkei index closed up 0.05%.

    ** Joe Biden will not immediately cancel the Phase 1 trade agreement that President Donald Trump struck with China nor take steps to remove tariffs on Chinese exports, the New York Times on Wednesday quoted the U.S. president-elect as saying. (Reporting by Cheng Leng in Beijing, Luoyan Liu and Andrew Galbraith in Shanghai; Editing by Subhranshu Sahu)

    email blast