Hong Kong Stocks Fall As Virus Curbs Reimposed

Hong Kong shares finished more than 1 percent lower on Tuesday, in line with an Asian retreat, as traders fret over the reimposition of containment measures in several countries as the virus flares up again.

The Hang Seng Index shed 1.1 percent, to 25,477.

On the mainland, the Shanghai Composite Index fell 0.8 percent, to 3,414 while the Shenzhen Composite Index slipped 0.9 percent, to 2,309.

Tokyo lost 0.9 percent. Sydney fell 0.6 percent, Seoul was off 0.1 percent, Mumbai shed 2 percent and Bangkok eased 0.9 percent.

Taipei, Jakarta and Manila were all flat but Wellington was up 0.5 percent.

Singapore was 0.2 percent down after figures showed the city-state's trade-dependent economy plunged into recession for the first time in a decade as it contracted a record 41.2 percent on-quarter in April-June and 12.6 percent on-year.

Oil markets dropped as new lockdowns fuel concerns about demand, while focus is on this week's technical gathering of key crude producers inside and outside Opec who are expected to roll back production cuts. (AFP)