Hang Seng up 0.06% at 17,739 points (Il Sole 24 Ore Radiocor) - Hong Kong, 17 Jul - Hong Kong share prices erased earlier losses and close flat to slightly higher, rebounding from a two-day drop amid weak Asian markets.

Investors remained on the sidelines as they monitored a meeting of China's political leaders that started on Monday and will run until tomorrow, known as the Third Plenum, amid expectations that important economic measures could be announced during the event.

Growth concerns continued to keep sentiment in check after Monday's weaker-than-expected China GDP print.

In Hong Kong stock market dealings energy shares led the losses, while property stocks soared, with the Hang Seng Mainland Properties index rallying 1.88%.

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. The mainland Chinese buyers' transaction value accounted for 31% of the total.

Technology shares were also moderately higher, with the Hang Seng Tech Index closing up 0.50%.

Financials were also slightly higher.

The Hang Seng index closed up 0.06% at 17,739 points.

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(RADIOCOR) 17-07-24 12:25:15 (0318) 5 NNNN