Hong Kong shares open lower on Tuesday

Hong Kong stocks opened lower on Tuesday, following four consecutive trading days of declines.

The benchmark Hang Seng Index dipped 105 points, or 0.4 percent, to 24,551.

The tech gauge inched down 0.3 percent to 4,743.

BYD (1211) outperformed the market, up 1 percent, despite the US saying it aids the Chinese military.

However, Alibaba (9988) and WUXI AppTec (2359), which are also included in the Pentagon list, dropped 1 percent and 1.7 percent, respectively. The Pentagon-listed Baidu (9888) inched up 0.2 percent at the opening bell.

Chipmakers stabilized, with SMIC (0981) and Hua Hong Semiconductor (1347) rising 0.6 percent and 2.8 percent.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓