China and Hong Kong stocks close down as investors take profits

tomorrow don't know ok ma
China and Hong Kong stocks closed down on Monday, led by tech and media shares, as profit-taking in those sectors capped advances of key indexes, while the Chinese yuan rebounded from a four-month low.
The CSI Anime Comic Game Index fell 4.6%, the largest one-day percentage drop in a month, after rallying nearly 30% since early February.
Tech giants traded in Hong Kong fell 0.5%. Real estate shares were one of the few bright spots on Monday after Premier Li Qiang said China would further optimise property policy and effectively motivate potential demands.
The blue-chip CSI300 index was down 0.54%, with its financial sector sub-index lower by 0.5%, the consumer staples sector down 0.76%, the real estate index up 1.62% and the healthcare sub-index down 0.6%.
The smaller Shenzhen index ended down 1.45% and the start-up board ChiNext Composite index was weaker by 1.912%. Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.2%, while Japan’s Nikkei index closed down 1.16%.
At 0659 GMT, the yuan was quoted at 7.2064 per U.S. dollar, 0.31% firmer than the previous close of 7.229. In Hong Kong, the Hang Seng index was down 25.83 points or 0.16% at 16,473.64. The Hang Seng China Enterprises index fell 0.05% to 5,754.65. The sub-index of the Hang Seng tracking energy shares rose 1.2%, while the IT sector rose 0.11%, the financial sector ended 0.91% lower and the property sector rose 0.11%.
The top gainer on the Hang Seng was China Hongqiao Group Ltd , which gained 13.4%, while the biggest loser was Lenovo Group Ltd, which fell 8.63%.
Source: China and Hong Kong stocks close down as investors take profits - Market News | The Financial Express