SHANGHAI – Hong Kong shares gave up gains to close down on Monday, declining for a fourth straight day, as global markets slid on overseas monetary tightening and recession worries.
The Hang Seng Index ended 0.4 percent lower to 17,855.14, hovering around nearly 11-year lows, while the Hang Seng China Enterprises Index added 0.4 percent to 6,137.78 points.
Hong Kong shares of HSBC Holdings, an index heavyweight, tumbled 7.6 percent, weighing on the Hang Seng benchmark.
Tech giants listed in the city finished up 1.6 percent, with food-delivery giant Meituan surging 4.5 percent.