Hong Kong stock market finished session lower on Friday, 03 December 2021, snapping two days of winning streak on profit booking, with shares in technology companies being notable losers amid concerns about Chinese companies being kicked off American stock exchanges.
At closing bell, the benchmark Hang Seng Index fell 0.09%, or 22.24 points, to 23,766.69. The Hang Seng China Enterprises Index dropped 0.6%, or 50.91 points, to 8,455.45.
Shares of technology companies declined as concerns about Chinese companies being kicked off American stock exchanges after Didi Global Inc.'s announcement to start U.S. delisting and rising scrutiny. Alibaba sank 2.6% to HK$119.40. Food delivery platform operator Meituan declined 2.7%, while online gaming giant Tencent lost 2.3%.
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