Hong Kong Stocks Slide But Suncity Shines

Hong Kong stocks began Thursday on the back foot again, tracking losses across most of Asia following a late plunge on Wall Street fuelled by news that the United States had reported its first case of the new Omicron variant.

The Hang Seng Index fell 0.57 percent to 23,524.

The Shanghai Composite Index dipped 0.10 percent to 3,573, while the Shenzhen Composite Index on China's second exchange eased 0.15 percent to 2,520.

Shares of Macau gambling group Suncity Group Holdings were set to rise 6.1 percent in resumed trade on Thursday after the company confirmed its chairman, who was arrested over alleged links to cross-border gambling, resigned.

Alvin Chau, who is also the founder of Suncity, was arrested by Macau police on Sunday.

Suncity's stock was set to open at HK$0.14. Its shares were suspended from trade on Wednesday. (AFP/Reuters)