HONG KONG: Hong Kong stocks closed lower on Tuesday, breaking a run of rallies fuelled by hopes that China could begin to move away from its economically painful zero-Covid policies.

The Hang Seng Index fell 0.29 percent, or 48.40 points, to 16,547.51.

Hong Kong stocks close 2.7% higher

The Shanghai Composite Index lost 0.43 percent, or 13.32 points, to 3,064.49, while the Shenzhen Composite Index on China’s second exchange fell 0.40 percent, or 8.05 points, to 2,019.81.