Hong Kong stocks close shy of 26,000 levels on Tuesday

Hong Kong stocks closed shy of 26,000 levels on Tuesday.

The benchmark Hang Seng Index spent more than half of the trading hovering around the 26,100 level before once plunging to a low of 25,911. The index fell 205 points or 0.8 percent to 25,952.

The tech gauge closed at 5,818, down 104 points or 1.8 percent. 

Total market turnover for the day reached nearly HK$240 billion.

Technology stocks delivered mixed performance. Baidu (9888) rose 2.9 percent, while Meituan (3690) and Alibaba (9988) declined 2.4 percent and 2.6 percent, respectively.

Tencent (0700) edged up 0.2 percent.

In mainland China, the Shanghai Composite Index dipped 0.4 percent to 3,960 points while the Shenzhen Component Index lost 1.7 percent to 13,175.