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Hong Kong's Hang Seng Index drops 0.5% as property, tech stocks weigh

Dow Jones Newswires ·  Jan 3, 2022 03:27

Hong Kong shares ended lower in the first trading session of 2022, with the $Hang Seng Index(800000.HK)$ losing 0.5% to close at 23274.75. Chinese property developers and managers retreated amid continued concerns about their debt woes. $Country Garden Services Holdings(06098.HK)$ fell 4.5%, while $COUNTRY GARDEN(02007.HK)$ lost 2.6%; $SUNAC(01918.HK)$, $AGILE GROUP(03383.HK)$ and $Shimao(44010.HK)$ shed 5.4%-9.5%. The Hang Seng Mainland Properties Index was 2.8% lower. $SENSETIME-W(00020.HK)$ surged 41% to HK$7.75, more than doubling its IPO price after its Thursday debut. 

 (clarence.leong@wsj.com)

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