Hong Kong Market falls on profit booking

Image
Capital Market
Last Updated : Jan 10 2023 | 5:53 PM IST
Hong Kong share market finished session lower on Tuesday, 10 January 2023, as investors opted to book profit after city's stock benchmark has rallied 8.1% this year. Also, weighing sentiments was caution ahead of US Fed Chair Jeremy Powell's speech later in the day for more clues on the rate-hike trajectory.

At closing bell, the benchmark Hang Seng Index fell 56.88 points, or 0.27%, to 21,331.46. The Hang Seng China Enterprises Index was down 22.44 points, or 0.31%, to 7,263.63.

Among blue chips, Alibaba Group fell 0.6% to HK$109.70 while JD.com lost 0.1% to HK$249.80 and Meituan tumbled 1.1% to HK$178.60. Developers Country Garden and Longfor, beneficiaries of Beijing's support for the housing market, both declined by at least 2.4%. Hotpot chain Haidilao fell 1.2% to HK$24.05.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2023 | 4:46 PM IST

Next Story