HONG KONG: Hong Kong shares fell on Tuesday as a rally that pushed the city's benchmark index sharply higher over four days lost steam, with investors booking profits from recent gains.
At the close of trade, the Hang Seng index was down 363.50 points, or 1.38%, at 25,975.66, after rising as much as 1.68% in the morning session. The index had rallied 8.39% over the previous four sessions.
The Hang Seng China Enterprises index fell 1.18% to 10,600.41.
The sub-index of the Hang Seng tracking energy shares dipped 2.5%, while the IT sector dipped 0.88%, the financial sector ended 1.24% lower and the property sector dipped 2.38%. Hong Kong shares dropped despite comments from Hong Kong Chief Executive Carrie Lam on Tuesday that market reaction had been positive to China's recently introduced national security law.
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