Hong Kong stocks down

22 Mar, 2019

Hong Kong stocks ended lower on Thursday, pressured by tech firms, as concerns about Sino-US trade talks lingered. The Hang Seng index fell 0.9 percent to 29,071.56, while the China Enterprises Index lost 0.7 percent to 11,544.09.
Losers were led by telecommunication and IT firms. The Hang Seng telecommunication index slumped 3.2 percent, posting its worst day in a year. The IT index closed down 1.8 percent, as market eyed gaming giant Tencent's quarterly results. Tencent Holdings is set to report on Thursday its sharpest quarterly profit decline in more than 13 years, as its failure to launch new blockbuster games due to China's regulatory review capped revenue growth.

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