Hong Kong stocks dropped for the second trading day

Hong Kong stocks dropped for the second trading day before Tuesday’s closure.

The benchmark Hang Seng Index opened 137 points lower at 27,003 points, briefly rebounding and hitting a high of 27,145, while closing down 183 points to 26,957, breaching the 27,000-point threshold.

The tech gauge dropped 72 points or 1.1 percent to 6,550.

Northbound capital flows remained absent as the A-share market remained closed for the National Day Golden Week, with total market turnover shrinking to HK$121.257 billion.

Among the 88 blue-chip stocks, 71 declined while only 16 advanced. 

Li Auto (2015) fell 3.3 percent, becoming the weakest blue-chip performer, and BYD (1211) dropped 1.2 percent. 

Tech shares delivered a mixed performance, with Alibaba (9988) down 2.5 percent and Tencent (0700) up 0.6 percent.