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The Hang Seng Index lost 1.1 per cent to 26,521.75 as of 9.55am local time, adding to a 0.5 per cent drop in the previous session. The Hang Seng Tech Index lost 0.6 per cent. Markets on the mainland reopened on Thursday after the “golden week” break, with the CSI 300 Index adding 0.4 per cent and the Shanghai Composite Index gaining 0.2 per cent.
Logistics firm ZTO Express rose 1.9 per cent to HK$148.20, while electric-vehicle maker Li Auto gained 1.4 per cent to HK$96.85. Online travel-booking platform Trip.com added 1.2 per cent to HK$557.50 and blind-box toymaker Pop Mart International strengthened 1 per cent to HK$257.40.
Limiting gains, HSBC fell 6.3 per cent to HK$103.60. Chipmaker SMIC declined 2.8 per cent to HK$87 and online games provider NetEase lost 1.6 per cent to HK$235.80. E-commerce giant Alibaba Group Holding retreated 1.3 per cent to HK$175.30 and food-delivery service provider Meituan dropped 0.9 per cent to HK$102.70.
Retail and catering sales at major enterprises on the mainland rose 3.3 per cent year on year during the first four days of the golden week holiday, data from the Ministry of Commerce showed. That pace was slower than the 6.3 per cent increase during the Labour Day break in May and below September’s 3.4 per cent growth in overall retail sales, according to official data.
