Hong Kong stocks fall as typhoon threat and lack of new China stimulus weigh

Hong Kong stocks extended losses on Tuesday as the city braced for a super typhoon and investors awaited fresh policy support from mainland China.

The benchmark Hang Seng Index fell 185 points, or 0.7 percent, to close at 26,159 after sliding as much as 340 points to 26,003 during the session.

The China Enterprises Index lost 0.85 percent to 9,290, while the Hang Seng Tech Index dropped 1.45 percent to 6,167.

Turnover rose 1.38 percent from the previous day to HK$294.5 billion. Southbound trading through the Stock Connect program recorded a net outflow of HK$4.07 billion, snapping a four-day inflow streak.

In the mainland, the Shanghai Composite Index slipped 0.18 percent to 3,821, while the Shenzhen Composite Index gave up 0.29 percent to 13,119 after falling more than 2 percent earlier in the day.

STAFF REPORTER