Press Releases in Hong Kong

Hong Kong shares fell on Tuesday

SHANGHAI – Hong Kong shares fell on Tuesday amid growing concern over the Omicron COVID-19 variant, while property and tech shares tumbled.

At the close of trade, the Hang Seng index was down 318.63 points, or 1.33 percent, at 23,635.95. The Hang Seng China Enterprises index fell 1.55 percent to 8,418.61.

The subindex of the Hang Seng tracking energy shares dipped 1.2 percent, while the IT sector dipped 1.83 percent and the financial sector ended 1.37 percent lower.

The property sector dipped 2.77 percent and the mainland's developers sank 6.87 percent.

The Hang Seng Tech index fell after the mainland's internet regulator fined social media platform Weibo Corp 3 million yuan ($470,000) for what it said was repeatedly publishing illegal information.

Overall trading volumes remained low. About 1.55 billion Hang Seng index shares were traded on Tuesday, roughly 87.3 percent of the market's 30-day moving average of 1.78 billion shares a day. The volume traded in the previous trading session was 1.54 billion.