The Hang Seng slipped 34 points, or 0.13%, to close at 26,485 on Thursday, swinging from a rally in the previous session and following a subdued morning trade.
A retreat from record highs on Wall Street Wednesday rattled sentiment, ahead of the U.S. PCE Index, the Fed's preferred inflation gauge.
Investors also turned cautious before China's National Day and mid-autumn holidays next week. Losses in property and financial shares weighed on the benchmark index, mirroring weakness in mainland stocks despite the central bank's action to conduct a CNY 600-billion one-year MLF operation to maintain liquidity.
Still, the downside was limited by signs of normalcy returning to Hong Kong after Super Typhoon Ragasa. Among major laggards were Lenovo Group (-4.0%), Want Want China (-3.3%), China Hongqiao Group (-3.1%), and Zhaojin Mining (-2.5%). On the upside, EV maker BYD gained 1.7% in Hong Kong after reporting strong European sales, surpassing U.S. rival Tesla for the second consecutive month.
Source: Trading Economics
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