SHANGHAI – Shares in Hong Kong resumed their slump on Friday after rebounding in the previous session, with key indexes booking their worst monthly performance in years.
A resurgence in COVID-19 cases on the Chinese mainland dented investors’ sentiment.
Hong Kong tech shares slumped again, pulling the benchmark Hang Seng index to its biggest monthly fall since October 2018.
The Hang Seng closed down 1.4 percent, following Thursday’s 3.3 percent rally. Tech giants such as Meituan and Alibaba led Friday’s decline.
The Hang Seng Tech Index plunged 2.56 percent, extending its weekly fall to 6.7 percent.