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2021-05-03

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Hong Kong stocks end over 1% lower as financials, Mengniu weigh

HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, due to profit-booking after a recent r

Hong Kong stocks end over 1% lower as financials, Mengniu weigh

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The Hang Seng China Enterprises index    fell 1.04% to 10,713.</p><p>After identifying a cluster of COVID-19 cases over the weekend, Singapore tightened social distancing controls.</p><p>The Hong Kong Monetary Authority, the key manager of Hong Kong's Exchange Fund, said slow vaccination take up in the city could hinder its competitiveness as a business centre.</p><p>The sub-index of the Hang Seng tracking energy shares&nbsp;dipped 0.1%, while IT, financials and property sectors ended 0.53%, 2.04% and 0.57% lower, respectively.</p><p>China's stock and bond markets, as well as its foreign exchange and commodity futures markets are closed on May 1-5 for the Labour Day holiday.</p><p>\"Investors were not even interested in hunting for bargain when markets like Japan and China were on holiday,\" said Steven Leung, a sales director at UOB Kay Hian, adding, concern over further measures from China's regulators aiming at new economy stocks also kept investors away.</p><p>The top gainer on the Hang Seng was China Petroleum &amp; Chemical Corp, up 1.29%, while the biggest loser was China Mengniu Dairy Co Ltd, dropping 3.49%.</p><p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 0.73%.</p><p>The top gainers among H-shares were Anhui Conch Cement Co Ltd    up 1.94%, followed by Hansoh Pharmaceutical Group Company Ltd, gaining 1.49% and  <a href=\"https://laohu8.com/S/PSBKF\">Postal Savings Bank of China Co Ltd</a>, up by 1.38%.</p><p>The three biggest H-shares percentage decliners were China Mengniu Dairy Co Ltd, down 3.49%, China Feihe Ltd, falling 2.93% and <a href=\"https://laohu8.com/S/ALBHF\">Alibaba Health Information Technology Ltd</a>, down 2.53%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01024":"快手-W","HSCCI":"红筹指数","02319":"蒙牛乳业","00005":"汇丰控股","01658":"邮储银行","HSCEI":"国企指数","09988":"阿里巴巴-W","00914":"海螺水泥","00386":"中国石油化工股份","03692":"翰森制药","HSBA.UK":"汇丰控股有限公司","HSBC":"汇丰","00241":"阿里健康","HSI":"恒生指数","03143":"华夏香港银行股","06186":"中国飞鹤","HSTECH":"恒生科技指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132591211","content_text":"HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, due to profit-booking after a recent rally in subdued trading as the Chinese markets were closed for holidays, while rising COVID-19 cases in the region raised concerns of more measures and deeper economic pain.The Hang Seng index closed down 367.34 points, or 1.28%, at 28,357.54, its lowest closing since March 29. 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