Hong Kong stocks closed lower after a weak open and midday rebound. HSI fell
0.29%; Hang Seng Tech Index down 0.41%. Oil names outperformed—00857.HK up
~3%—and port/transport rallied, 01138.HK +>2%. Banks, agriculture, auto dealers,
power and gas saw buying. Biotech underperformed, 09969.HK down >7%; chip names
extended losses, 03986.HK down >5%. Other laggards included optical
communications, mainland property, media, airlines and nonferrous metals.