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Hong Kong Market tumbles on China's property woes
(15:23, 28 Sep 2023)
Hong Kong share market finished session lower on Thursday, 28 September 2023, on concerns over prolonged U.S. monetary tightening and on caution ahead of China's a week-long National Day holiday. Also, weighing sentiments was deteriorating confidence in China's property sector after abrupt suspension of trading in shares of China Evergrande Group and its units.

At closing bell, the benchmark Hang Seng Index dropped 238.84 points, or 1.36%, to 17,373.03. The Hang Seng China Enterprises Index declined 79.28 points, or 1.31%, to 5,990.56.

Among blue chips, Macau casino operators Galaxy Entertainment Group slid 5.7% to HK$45.25 and Sands China slumped 4.8% to HK$23.05. JD Health International lost 4% to HK$37.65 and online game operator NetEase eased 2.6% to HK$151.20. Tencent Holdings retreated 1.5% to HK$297.40 and Alibaba Group Holding shed 1.8% to HK$83. Meituan dropped 3.5% to HK$110.80.

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