Hong Kong Shares End Lower as Tech, Home Appliance Stocks Lead Declines -- Market Talk

Dow Jones
03 Apr

0825 GMT - Hong Kong shares ended lower, with technology and home appliances stocks leading the losses. Additional tariffs on Chinese goods carried on risk-off sentiment in the market, with investors watching for Beijing's retaliatory policies going forward. Consumer products, home appliance and tech stocks led the losses, with Shenzhou International Group falling 14% and Techtronic Industries declining 12%. Haier Smart Home lost 8.0%, Lenovo Group fell 7.8% and JD.com was 5.2% lower. Meanwhile, Chinese property stocks led the gains, with Longfor Group up 1.6% and China Overseas Land & Investment up 1.2%. The benchmark Hang Seng Index ended 1.5% lower at 22849.81 and the Hang Seng Tech Index fell 2.1%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

April 03, 2025 04:25 ET (08:25 GMT)

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