Shan Ahmed Khan

Hong Kong shares slipped Thursday, the Hang Seng Index ending 0.5% lower at 26,866.29. The index fluctuated between 26,808.35 and 27,206.84 during the session. Trip.com led the decline, tumbling as much as 21.7% on news of an antitrust probe before trimming its losses, dragging down sentiment across the tech sector. The pullback follows a robust start to the week that saw the benchmark climb past 27,000, fueled by global investors shifting focus away from U.S. markets and the yuan hitting its strongest level against the dollar since May 2023. “The Hong Kong market has been largely driven by moves in mainland A shares,” said Kenny Ng Lai-yin, a strategist at Everbright Securities International, referring to stocks listed in Shanghai and Shenzhen.