The Hang Seng Index declined 0.3 per cent to 19,719.85 at 9.57 local time on Tuesday. The Hang Seng Tech Index fell 0.4 per cent. On the mainland, the CSI 300 Index added 0.8 per cent and the Shanghai Composite Index advanced 0.1 per cent.
Sentiment among traders has been in the doldrums since late last week and the gains made from a brief rebound have been erased. On Friday, stocks dropped after a readout from a key Chinese economic policy meeting failed to satisfy investors. Officials largely repeated the language used after a Politburo meeting earlier last week and traders viewed the readout as being devoid of details about what Beijing plans to do to revive growth next year.
Elsewhere, major Asia-Pacific markets were mixed. Japan’s Nikkei 225 advanced 0.4 per cent, Australia’s S&P/ASX 200 jumped 0.9 per cent and while South Korea’s Kospi declined 0.7 per cent.
Source link
