Aug 5 (Reuters) - Hong Kong stocks ended lower in a volatile
session on Thursday, as uncertainty around regulatory tightening
in the tech sector sapped risk appetite.
** At the close of trade, the Hang Seng index was down
221.86 points or 0.84% at 26,204.69. The Hang Seng China
Enterprises index fell 1.3% to 9,296.43.
** The sub-index of the Hang Seng tracking technology shares
dropped 2.1%, while the IT sector fell
** The Chinese Communist Party's top decision-making body at its
latest meeting mentioned terms like "anti-monopoly" and "curbing
disorderly expansion by capital", portending a regulatory storm
that would crush tech stocks in the coming months, said Larry
Hu, chief China economist at Macquarie in Hong Kong.
** The three biggest H-share percentage decliners were Kuaishou
Technology, down 15.3%, Alibaba Health Information
Technology Ltd, which fell 6.17% and Country Garden
Services Holdings Co Ltd, which shed 4.75%.
** Around the region, MSCI's Asia ex-Japan stock index
was weaker by 0.29%, while Japan's Nikkei index
closed up 0.52%.
** This week, the MSCI Asian regional benchmark has recovered
most of the ground lost a week earlier, when a series of Chinese
regulatory crackdowns on sectors from property to education
squeezed Chinese stocks and overshadowed the region as a
(Reporting by the Shanghai Newsroom; Editing by Ramakrishnan