Hong Kong shares closed lower on Thursday, CKI rises 4.5pc

Hong Kong stocks closed lower on Thursday, dragged down by tech shares.

The benchmark Hang Seng Index dropped 384 points, or 1.4 percent, to 36,381, with the full-day turnover of HK$259.3 billion,

The tech gauge fell nearly 3 percent to 5,109.

CK Infrastructure (1038), CK Hutchison (0001), Power Assets (0006), and CK Asset (1113) outpaced the market after the consortium agreed to sell UK Power Networks, jumping 4.5 percent, 4.5 percent, 3.7 percent, and 3 percent, respectively.

HSBC (0005) kept hitting a record high, up 1.6 percent to HK$145.

In contrast, Alibaba (9988) and Tencent (0700) declined 3.6 percent and 2 percent, respectively.

CLP (0002), Hysan Development (0014), Galaxy Entertainment (0027), and Trip.com (9961) fell 2 percent, 7 percent, 4 percent, and 3 percent after posting results, while Hong Kong Exchanges and Clearing (0388) rose nearly 1 percent on the robust full-year performance.