SHANGHAI, Dec 3 (Reuters) - Hong Kong shares closed lower on
Friday as the delisting of Didi from New York spooked investors
in tech stocks, although the losses were limited by a gain in
stocks of the city's bourse operator.
The Hang Seng index fell 0.1% to 23,766.69, while the
China Enterprises Index lost 0.6% to 8,455.45 points.
** For the week, the Hang Seng index retreated 1.3%, while
the China Enterprises Index shed 1.4%.
** Didi Global said it will delist from the New
York stock exchange and pursue a listing in Hong Kong,
succumbing to pressure from Chinese regulators concerned about
** Tech firms listed in Hong Kong slumped 1.5%.
** "This event makes the market believe that the current
industry supervision of technology stocks in the mainland will
continue," said Kenny Ng, a securities strategist at Everbright
Sun Hung Kai in Hong Kong.
** "The decline in the prices of technology stocks listed in
Hong Kong today also reflects this factor."
** Alibaba Group and Bilibili Inc fell
4.6% and 7.2%, respectively, hitting their record lows.
** Tencent and Meituan dropped more than
** However, Hong Kong Exchanges and Clearing
(HKEx) jumped 4.4% as investors hoped that the exchange will
benefit from an increase in turnover as more Chinese companies
may follow Didi's footsteps of listing in Hong Kong.
** HKEx lifted the Hang Seng Index up 45 points, the biggest
point contributor to the benchmark.
** Property developer China Aoyuan Group slumped
nearly 12% after the developer warned shareholders that it may
be unable to pay up a $651.2 million debt due to a liquidity
(Reporting by the Shanghai Newsroom; editing by Uttaresh.V)