Hong Kong shares fall 1.1%; Tech, casino sectors weaken

Dow Jones Newswires · Dec 10, 2021 04:01 · Markets

0845 GMT - Hong Kong stocks turned lower, as concerns about Omicron-related restrictions.

Tech and casino shares took a hit. $NetEase, Inc.-S(09999.HK)$ lost 2.3%, $TENCENT(00700.HK)$ dropped 1.9% and $Alibaba Group(810016.HK)$ slipped 1.8%. $Sands China(05727.HK)$ declined 3.6% and $GALAXY ENT(00027.HK)$ retreated 2.9%.

Among property stocks, $SEAZEN(01030.HK)$ was down 6.1% and $SHIMAO GROUP(00813.HK)$ gave up 5.4%, though $China Resources Land(40091.HK)$, $LONGFOR GROUP(00960.HK)$ and $COUNTRY GARDEN(02007.HK)$ each fell less than 1%. Gainers included $CK ASSET(01113.HK)$, rising 0.4% to extend a winning streak to eight sessions.

Some consumer-goods stocks strengthened, with $MENGNIU DAIRY(02319.HK)$, $CHINA RES BEER(00291.HK)$ and $Budweiser Brewing Company APAC Limited(01876.HK)$ adding 0.2%-1.1%. The Hang Seng Index fell 1.1% to 23995.72 but was up 1.0% for the week.

(clarence.leong@wsj.com)

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Hong Kong shares fall 1.1%; Tech, casino sectors weaken

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