Hang Seng Index falls at noon on Tuesday, Pop Mart jumps 8pc

Hong Kong stocks were soft by midday on Tuesday.

The benchmark Hang Seng Index dropped by 11 points to 26,552 points by noon. 

The half-day market turnover was HK$129.8 billion. 

Shares of Labubu doll maker Pop Mart International (9992) jumped 8.5 percent following its first share buyback in two years.

The Hang Seng Tech Index declined by 0.7 percent to 5,711 points at noon.

In the mainland, the Shanghai Stock Exchange Composite Index dropped by 0.3 percent to 4,101 points and the Shenzhen Stock Exchange Component Index declined by 1.2 percent to 14,119 points at the midday close.