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Equities

Hong Kong shares slip with retreat of technology stocks

Unicom and China Telecom climb as network infrastructure JV files for IPO

HONG KONG (Nikkei Markets) -- Hong Kong shares appeared set to end a six-day rising streak on Tuesday, led by losses among technology stocks that had been posting gains recently.

The Hang Seng Index had shed 0.9% to hit 31,256.32 by the noon lunch break, poised for its first drop since May 4. Tencent Holdings, the most valuable company listed in Hong Kong, declined 2.4%. Apple suppliers Sunny Optical Technology Group and AAC Technologies Holdings fell 3.7% and 6%, respectively. Losses for AAC followed a weaker-than-expected first-quarter profit report on Monday.

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