At closing bell, the benchmark Hang Seng Index dropped 1.38%, or 363.50 points, to 25,975.66. The Hang Seng China Enterprises Index lost 1.18%, or 126.42 points, to 10,600.41. The benchmark index rose 8.4 per cent over the past four sessions.
Hong Kong's monetary authority stepped in Monday and Tuesday to sell HK$7.17 billion of local dollars to weaken the currency and bring it back within its trading band, as hot money continues to flow into the city, defying speculation of capital flight over the controversial national security law.
Geely Automobile shares advanced after reporting its June sales rose 21 per cent, a contrast to earlier vehicle sales clobbered by the coronavirus.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app