Hong Kong HSI down 1.52% at 18,015 points (Il Sole 24 Ore Radiocor) - Hong Kong , 15 Jul - Hong Kong share prices closed sharply lower, halting a two-day rebound and underperforming their Asian peers as weaker-than-expected Chinese economic data weighed on investor sentiment.

China's gross domestic product grew less than expected at 4.7% in the second quarter as weak consumer spending and demand weighed.

June retail sales also missed estimates, rising 2% at the lowest growth rate since the end of 2022 compared with a 3.3% growth forecast from Reuters.

Traders looked ahead to a meeting of China's political leaders from today until July 18 known as the Third Plenum, amid expectations that important economic measures could be announced during the event.

In the city's stock market dealings tech shares dipped, with the Hang Seng Tech Index closing down 2.90%.

Property shares also sank, resuming a recent selloff after Friday's rally. The Hang Seng Mainland Properties index dipped 2.80%.

The Hang Seng index closed down 1.52% at 18,015 points.

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(RADIOCOR) 15-07-24 12:08:13 (0265) 5 NNNN