Hong Kong Stocks slips on profit taking

Image
Capital Market
Last Updated : May 27 2021 | 7:04 PM IST
Hong Kong stock market finished session on a negative note on Thursday, 27 May 2021, as profit taking pressure after benchmark indices rising for two consecutive days to its highest level since April 29.

At closing bell, the benchmark Hang Seng Index rose 0.88%, or 255.15 points, to 29,166.01. The Hang Seng China Enterprises Index added 0.58%, or 62.95 points, to 10,855.58.

The sub-index of the Hang Seng tracking the utilities sector added 0.19% and commerce & industry sector added 0.07%, while the finance sector fell 0.51% and the properties sector fell 0.13%.

Shares of Tencent Holdings was the worst performing blue chips in Hong Kong, falling 2% to HK$605.50, amid concerns that mainland Chinese regulators were ramping up a crackdown on fintech companies.

Shares of Xiaomi added 3.2% to HK$29.05, after smartphone maker first-quarter net profit grew 260.6% on the back of increased sales worldwide.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 27 2021 | 6:53 PM IST

Next Story