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.
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