Hong Kong stocks surrendered gains in the morning session to end slightly lower on Monday, as investors await concrete stimulus plans from Beijing, not just broad support outlines.
The Hang Seng Index, which opened higher, shed 0.24%, or 49.04 points, to close at 20,041.42. The Hang Seng China Enterprises Index slid 0.34%, or 24.88 points, to 7,280.48.
Prospects of stagnant factory activity in China added to market jitters.
According to Bloomberg estimates, the December manufacturing PMI of Asia's largest economy is projected to be 50.3, unchanged from the previous month.
In corporate news, all three market debutants gained on their first trading day.
Xunfei Healthcare Technology (HKG:2506), a provider of AI-power health solutions, closed at HK$87 per share, up 5% from its listing price of HK$82.80.
Medical service platform HealthyWay (HKG:2587) ended at HK$10.66 per share, surging 37% from its IPO price of HK$7.80.
Additionally, semiconductor material maker InnoScience (Suzhou) Technology Holding (HKG:2577) finished at HK$31 per share, higher than its HK$30.86 IPO price.
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