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Nikkei Markets

ASIA MARKETS: Hong Kong Shares Extend Losses On Wall Street Pullback, Firm Dollar

By Amy Lam
Nikkei Markets
HONG KONG (Jan 30) -- Hong Kong shares headed for a second day of losses, as a retreat on Wall Street and broad strength in the U.S. dollar ahead of the Federal Reserve's policy review weighed on Asian markets.

The Hang Seng Index was down 0.8% to 32,693.43 by the noon lunchbreak after sliding 0.6% on Monday. Mainland lenders China Construction Bank (CCB) and Industrial & Commercial Bank of China (ICBC) shed 2.6% and 2.8%, respectively, trimming month-to-date gains to 23.3% and 14.9%. Dalian Wanda Commercial Properties, controlled by Chinese billionaire Wang Jianlin, said a group of investors including social-media major Tencent Holdings, developer Sunac China Holdings and retailing majors JD.com and Suning Holdings Group will invest 34 billion yuan ($5.37 billion) to buy its 14% stake in Wanda Commercial. Tencent, Hong Kong's most valuable company, dropped 1.4%, while Sunac China Holdings slipped 0.1%.

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