Hang Seng down 1.55% at 17,524 points (Il Sole 24 Ore Radiocor) - Hong Kong, 08 Jul - Hong Kong share prices closed sharply lower for a second day, further retreating from a four-day rebound and again leading the losses amid weak Asian markets.

The Hang Seng index closed down 1.55% at 17,524 points, slipping to a near three-month low after posting in June its first monthly loss since January.

Persistent concerns over a trade war with the European Union weighed on sentiment, with Beijing threatening to retaliate against the EU's imposition of additional tariffs on the imports of electric vehicles.

In the city's stock market dealings technology shares slid , with the Hang Seng Tech Index down 0.84%.

Property shares dipped, further retreating from a recent rally, with the Hang Seng Mainland Properties index down 1.98%.

Investors awaited China's inflation figures due on Wednesday for further clues on the state of the country's economic recovery.

Traders also look forward to a meeting of China's political leaders from July 15 to 18 known as the Third Plenum, amid expectations that important economic measures could be announced during the event.

AAA-Ver

(RADIOCOR) 08-07-24 12:32:08 (0299) 5 NNNN