HSI down 1.60% at 17,727 points (Il Sole 24 Ore Radiocor) - Hong Kong , 16 Jul - Hong Kong share prices closed sharply lower for a second day, further retreating from a two-day rebound and again underperforming their Asian peers as growth concerns continued to weigh on investor sentiment after yesterday's weaker-than-expected China GDP print.

In Hong Kong stock market dealings consumer stocks led the losses.

Insurer Ping An sank 5.41% after is said that it will cancel 102.6 million US dollars of A shares in its repurchased securities account.

In the city's stock market dealings tech shares also dipped, with the Hang Seng Tech Index closing down 1.35%.

Property shares also sank, extending yesterday's selloff after Friday's rally. The Hang Seng Mainland Properties index dipped 1.59%.

Traders monitored a meeting of China's political leaders that started yesterday and will run until July 18, known as the Third Plenum, amid expectations that important economic measures could be announced during the event.

The Hang Seng index closed down 1.60% at 17,727 points.

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(RADIOCOR) 16-07-24 12:09:41 (0316) 5 NNNN