Hong Kong stocks retreated from a three-month high on Thursday.
The benchmark Hang Seng Index slid 149 points, or 0.61 percent, to close at 24,325 points. The main board market turnover was HK$261.72 billion.
The Hang Seng Tech Index fell 13 points, or 0.26 percent, to 5,345 points.
Shares in Guotai Junan International (1788) dropped over 4 percent, having risen around 90 percent at one point in the morning after tripling on Wednesday. The stocks topped the list of market turnover for the second day at HK$26.77 billion, more than one-tenth of the overall market figure on Thursday.
The local food and beverage and tourism sectors performed well despite the overall market trend.
China Travel International Investment Hong Kong (0308) spiked by nearly 86 percent with a turnover of HK$7.5 billion. Fairwood (0052) and Café de Coral (0341) recorded intraday highs of nearly 13 percent and 26 percent, respectively, before paring nearly all the gains.
In the mainland, the Shanghai Stock Exchange Composite Index fell 7 points, or 0.22 percent, to 3,448 points while the Shenzhen Stock Exchange Component Index lost 50 points, or 0.48 percent, to 10,343.
STAFF REPORTER
