Hong Kong shares slip after Lunar New Year break

Reuters
5 hours ago
Hong Kong shares slip after Lunar New Year break

HONG KONG, Feb 20 (Reuters) - Hong Kong shares slipped on Friday as the local market reopened after the three-day Lunar New Year break, with technology stocks leading the slide but oil shares provided support as concerns of conflict between the U.S. and Iran sent oil prices higher.

China's humanoid robots-related stocks climbed as the robots took centre stage for Lunar New Year showtime in the annual CCTV Spring Festival gala on Monday, showcasing the country's cutting-edge industrial policy and Beijing's push to dominate humanoid robots and the future of manufacturing.

Traders said investors stayed away from technology stocks on concern over geopolitical tension between China and the U.S.

** The Hang Seng Index .HSI was down 0.6% at 26,544.62, while the Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index .HSCE, fell 0.59% to 9,016.99.

** The top gainer on the Hang Seng was PetroChina 0857.HK, up 4.58%, while the biggest loser was Baidu Inc 9888.HK, which was down 5.67%.

** The top gainers among H-shares were BeOne Medicines AG 6160.HK, up 4.76%, followed by PetroChina 0857.HK, gaining 4.58% and CNOOC Ltd 0883.HK, up by 3.34%.

** The three biggest H-shares percentage decliners were Baidu Inc 9888.HK, which fell 5.67%, JD Health International Inc 6618.HK, which lost 5.03% and Alibaba Group 9988.HK, down by 3.75%.

** Humanoid robots-related stocks climbed with Zhejiang Sanhua Intelligent Controls 2025.HK up 6.6%, and Shanghai MicroPort MedBot 2252.HK up 3.2%.

(Reporting by Hong Kong newsroom; Editing by Mrigank Dhaniwala)

((donny.kwok@thomsonreuters.com; +852 3462 7745))

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