Hong Kong blue chips closed weaker on Thursday despite the 227-point rally of the Dow overnight. The blue-chip index opened up 124 points to 27,283, which marked the day high. The index then gave up its gains and hit a day low of 26,967 (down 192 points) in the afternoon trade.
The Hang Seng Index ended down 71 points or 0.3% to 27,087. The H-share index rose 27 points or 0.3% to 10,592. Turnover decreased to HK$76.8 billion from HK$89.5 billion on Wednesday.
Blue chips were mixed. HSBC (00005) dipped 0.8% to HK$60.25 after the global bank said it intends to sell its retail banking business in France. HKEX (00388) shed 3.5% to HK$237.4 on reports that its bid for LSEG may face hurdles. Tencent (00700) added 1% to HK$349.4 on the repurchase of 110,000 shares of its own. China Mobile (00941) nudged up 0.1% to HK$67.35. AIA (01299) slipped 1.4% to HK$79.2.
The US President Donald Trump delayed for two weeks a planned tariff hike on US$250bn of Chinese goods, originally scheduled for 1 October. Techtronic Industries (00669) soared 4% to HK$57.3. WH Group (00288) jumped 3.9% to HK$7.22. Minth Group (00425) surged 3.5% to HK$26.7. Nexteer Automotive (01316) added 1% to HK$6.91.