Hong Kong up 0.22% at 17,778 points (Il Sole 24 Ore Radiocor) - Hong Kong , 18 Jul - Hong Kong share prices erased earlier losses and close flat to slightly higher for a second day, further rebounding from a two-day drop amid weak Asian markets.

In Hong Kong stock market dealings technology shares led the losses as chipmakers sank on concerns over US-China trade as well as on profit taking after a recent rally.

According to a Bloomberg report, the US is considering slapping stricter trade restrictions if companies including Tokyo Electron and ASML continue supplying chip technology to the country.

The Hang Seng Tech Index closed down 0.76%.

Property stocks extended yesterday's rally, with the Hang Seng Mainland Properties index up 0.74%.

Hong Kong saw record home purchases by mainland Chinese buyers in the first six months of 2024 after the city removed all buying curbs, including all additional stamp duties for foreign and second home buyers, major realtor Centaline Property Agency said yesterday.

Expectations of supportive policy announcements after China's Third Plenum - a meeting of China's political leaders held this week - helped support investor sentiment.

The Hang Seng index closed up 0.22% at 17,778 points.

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(RADIOCOR) 18-07-24 11:45:47 (0306) 5 NNNN