HONG KONG, July 21 Hong Kong shares sagged on
Monday, though the Macau gambling sector regained momentum
following losses last week stemming from a corruption probe and
The Hang Seng Index closed down 0.3 percent at
23,387.14 points. The China Enterprises Index of the
leading offshore Chinese listings in Hong Kong fell for a fourth
straight day, dropping 0.8 percent.
Galaxy Entertainment Group and Sands China
were the standout winners on the Hang Seng, up 3.1 and
2.3 percent respectively.
But gains were not enough to offset losses in a few index
heavyweights. Tencent Holdings declined 1.1 percent
and China Petroleum & Chemical Corp by 1.4 percent.
Carmakers, which recently outperformed the market, led
losses among H-shares. Dongfeng Motor Group, which hit
a more than two-year high last Thursday, sank 5.1 percent. Great
Wall Motor shed 2.8 percent.
(Reporting by Grace Li; Editing by Richard Borsuk)