Hong Kong stocks end lower on profit taking in technology and materials
News Highlights: Hong Kong stocks end lower on profit taking in technology and materials HK-> Shanghai Connect daily quota uses 0.4%, Shanghai-> HK daily quota uses 20.4% HSI -0.3%, HSCE -0.4%, CSI300 + 0.3% FTSE China A50 -0.1%
BEIJING, Jan. 27 (Reuters) – Hong Kong shares closed lower on Wednesday as investors sold technology and materials stocks after a recent strong rally. At the end of trading, the Hang Seng index fell 93.73 points or 0.32% to 29,297.53. The Hang Seng China Enterprises Index fell 0.38% to 11,651.24. The stock sub-index of Hang Seng tracking technology fell 1.51% after hitting a record high on Monday, while the materials sector was down 2.1%. There has been a correction after the recent strong gains as mainland investors bought an average of billions of Hong Kong dollars a day through the Stock Connect linking the mainland and Hong Kong during the latest sessions, st