New | Hong Kong stocks slide on geopolitical worries but China index led higher by robotics and tech shares
Hong Kong’s Hang Seng ends 0.4 per cent lower while Shanghai Composite rises 0.9 per cent
Hong Kong stocks dropped on Wednesday, extending a three-day losing streak, as mounting geopolitical tensions weighed on the markets amid renewed concerns of conflict in the Middle East a day after Turkey shot down a Russian warplane near Syria’s border.
Mainland Chinese markets notched up gains, with the advance led by intelligent-machine stocks after China’s top leaders pledged their support for the robotics industry.
Hong Kong’s Hang Seng Index fell 0.4 per cent to 22,498.00 and the Hang Seng China Enterprises index dropped 0.3 per cent to 10,127.87.
Turnover exceeded HK$65 billion, much higher that Tuesday’s HK$57 billion.
On mainland China, the Shanghai Composite Index advanced 0.9 per cent to 3,647.93, its highest close in two weeks. The large-cap CSI also rose 0.7 per cent to 3,781.61.
The tech-heavy Shenzhen Composite Index climbed 1.9 per cent to 2,343.62. The ChiNext Index, a gauge heavily weighted towards start-ups, jumped 2.9 per cent to 2,897.57, its highest since late July.
Turnover in Shanghai rose to 381 billion yuan from 329 billion yuan the previous day.
