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Hong Kong stocks fell on Thursday, led by tech firms tracking falls in high-flying technology shares on the Wall Street, and weighed down by losses in mainland China markets.
“There is some profit taking after the Hong Kong stock market hit 10-year highs,” said Linus Yip, chief strategist at First Shanghai Securities in Hong Kong.
By midday, Chinese H-shares listed in Hong Kong fell 1.3 per cent to 11,496.64 while the Hang Seng Index was down 1.28 per cent at 29,245.91, reports Reuters.
The sub-index of the Hang Seng index tracking energy shares dipped 1.1 per cent while the IT sector fell 2.4 per cent.
The top gainer on Hang Seng was BOC Hong Kong Holdings Ltd up 1.29 per cent, while the biggest loser was AAC Technologies Holdings Inc which was down 4.32 per cent.