Hong Kong HSI down 2.03% at 17,417 points (Il Sole 24 Ore Radiocor) - Hong Kong , 19 Jul - Hong Kong share prices closed sharply lower, leading the losses amid weak Asian markets.

The Hang Seng index closed down 2.03% at 17,417 points.

Concerns over trade tensions with the US and dismal results from the Third Plenum weighed on investor sentiment.

In Hong Kong stock market dealings energy shares were among the biggest decliners.

Technology shares extended a recent selloff as chipmakers sank on concerns over US-China trade as well as on profit taking after a recent rally.

According to a Bloomberg report, the US is considering slapping stricter trade restrictions if companies including Tokyo Electron and ASML continue supplying chip technology to the country.

The Hang Seng Tech Index closed down 2.12%.

Property stocks sank as investors took profits after a two-day rally, with the Hang Seng Mainland Properties index down 4.21%.

Developers rose earlier this week as 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, according to major realtor Centaline Property Agency.

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(RADIOCOR) 19-07-24 12:34:18 (0255) 5 NNNN