At closing bell, the benchmark Hang Seng Index dropped 0.47%, or 138.50 points, to 29,098.29. The Hang Seng China Enterprises Index shed 0.29%, or 33.36 points, to 11,292.22.
The National People's Congress, or China's annual legislative meeting, opened in Beijing. In a work report delivered by Premier Li Keqiang, China set a “super low” threshold on economic growth for 2021 at above 6%. China also curtained its budget deficit to 3.2% from 3.6% a year ago.
Technology stocks bore the brunt of selling, with smartphone maker Xiaomi and Techtronic Industries retreating by at least 3%. PetroChina added 3.2% after OPEC announced plans to keep output unchanged.
Powered by Capital Market - Live News