Hong Kong Stocks Retreat After Gains; AUX Electric Slips on Debut

Published on 09/02/2025 at 04:47 am EDT
(MT Newswires) -- Hong Kong stocks pulled back on Tuesday after the benchmark logged its biggest gain in more than two weeks the previous session, while sharp rallies in mainland markets also paused.
The Hang Seng Index fell 120.87 points, or 0.5%, to 25,496.55, while the Hang Seng China Enterprises Index slipped 13.75 points, or 0.2%, to 9,108.12.
Banks borrowed HK$1.4 billion from the Hong Kong Monetary Authority's discount window, the largest amount in two months and the first time in about two weeks, indicating a sudden demand for liquidity.
Elsewhere, investors looked ahead to the US Federal Reserve's policy meeting later this month, with markets pricing in an 89% chance of a 25 basis point cut.
In corporate news, AUX Electric made its trading debut in Hong Kong and closed over 5% lower at HK$16.48, compared with its offer price of HK$17.42.
Meanwhile, New World Developmentclosed nearly 3% lower after saying it has not received a capital injection proposal from its controlling Cheng family.

Sumber : MT Newswires