Hang Seng index closed down 1.27% at 17,799 points (Il Sole 24 Ore Radiocor) - Hong Kong, 05 Jul - Hong Kong share prices closed sharply lower, halting a four-day rebound and leading the losses amid mixed Asian markets.

The Hang Seng index closed down 1.27% at 17,799 points after posting in June its first monthly loss since January.

In the city's stock market dealings electric vehicle giants BYD and Li Auto tanked after the European Commission unveiled additional duties of up to a revised 37.6 per cent on Chinese EVs makers. The tariffs will initially last for a maximum of four months.

Property shares also dipped, retreating from a recent rally, with the Hang Seng Mainland Properties index down 1.53%.

Property developers rose earlier this week after an industry report showed stronger than expected home sales figures, with yearly sales declines for major Chinese property developers continuing to narrow in June.

In Hong Kong stock market dealings technology shares slid dropped, with the Hang Seng Tech Index down 1.45%.

Investors looked ahead to key US nonfarm payrolls data due later today.

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(RADIOCOR) 05-07-24 12:16:43 (0294) 5 NNNN