Hong Kong HSI down 0.91% at 17,311 points (Il Sole 24 Ore Radiocor) - Hong Kong , 24 Jul - Hong Kong share prices closed lower, extending yesterday's sharp drop amid weak Asian markets as earnings jitters weighed on sentiment.

The Hang Seng index closed down 0.91% at 17,311 points, slipping to a three-month low.

Chow Tai Fook Jewellery Group sank 6.57% after releasing weak results.

Major electric vehicle stocks slid after US ev giant Tesla reported second quarter earnings that trailed analysts' consensus estimates amid softening sales and mounting expenses.

BYD sank 1.28%, Li Auto Inc slumped 2.27% and Xpeng Inc tanked 5.01%.

In Hong Kong stock market dealings technology shares sank, extending a recent selloff.

The Hang Seng Tech Index closed down 1.52%.

Property stocks also dropped, with the Hang Seng Mainland Properties Index down 1.50%.

Speculation over a Trump presidency continued to weigh on investor sentiment. In his first presidential term from 2017 to 2021, Trump maintained a largely hardline stance against China, slapping steep tariffs on the country and fuelling a prolonged trade war between the world's two major economies.

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(RADIOCOR) 24-07-24 11:58:30 (0381) 5 NNNN