The Hong Kong stock market headed south again on Monday, one session after halting the four-day losing streak in which it had stumbled almost 1,100 points or 5.2 percent. The Hang Seng Index now sits just above the 20,475-point plateau and it's looking at another soft start again on Tuesday.
The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.
The Hang Seng finished sharply lower on Monday with damage across the board, especially among the entertainment and technology stocks.
For the day, the index stumbled 325.65 points or 1.57 percent to finish at 20,478.46 after trading between
20,423.09 and 20,845.57.
Among the actives, Alibaba Group tanked 2.69 percent, while Alibaba Health Info plunged 2.72 percent, ANTA Sports dropped 1.78 percent, China Life Insurance dipped 1.08 percent, China Mengniu Dairy skidded 1.85 percent, China Resources Land gained 0.76 percent, CITIC stumbled 2.42 percent, CK Infrastructure added 0.36 percent, CNOOC lost 1.37 percent, CSPC Pharmaceutical declined 2.13 percent, Galaxy Entertainment plummeted 3.00 percent, Haier Smart Home fell 1.28 percent, Hang Lung Properties sank 1.49 percent, Henderson Land reduced 0.19 percent, Hong Kong & China Gas slipped 1.13 percent, Industrial and Commercial Bank of China gave away 2.09 percent, JD.com surrendered 2.46 percent, Lenovo eased 0.35 percent, Li Auto tumbled 2.43 percent, Li Ning slumped 2.10 percent, Meituan retreated 2.27 percent, New World Development slipped 0.98 percent, Nongfu Spring shed 1.46 percent, Techtronic Industries weakened 1.89 percent, Xiaomi Corporation slid 1.22 percent, WuXi Biologics was down 0.97 percent and CLP Holdings was unchanged.
The lead from Wall Street is mixed to soft as the major averages opened lower on Monday and largely stayed that way, although the NASDAQ broke into the green late in the day.
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