Hong Kong stocks closed mixed, casino operators rallied, oil, precious metal companies tumbled

 

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The Hang Seng Index closed down 0.44% at 17,855, the Hang Seng China Enterprises index up 0.38% and the Hang Seng Tech Index 1.6% after slumping more than 3% earlier in the session.

Technology heavyweights rebounded, with Meituan gaining more than 4%, Tencent, JD.com and Xiaomi up more than 2%, Kuaishou, NetEase and Alibaba also slightly higher.

Macau casino operators led the gains on expectation of the first mainland tour groups in three years in November. Read more …

Catering companies and tourism companies outperformed as the National Day holiday approaches. Automakers rebounded, with Xpeng Motors jumping 8.7% and Li Auto up more than 4%.

Precious metal companies, non-ferrous metal companies tumbled amid demand concerns and strengthening dollar. Oil companies plunged amid slumping oil prices.