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Nikkei Markets

Hong Kong stocks slip as property developers retreat

Sun Hung Kai Properties down after buying $3.2 billion plot

HONG KONG (Nikkei Markets) -- Hong Kong shares declined Wednesday over concerns about rising U.S. bond yields that hit a seven-year high overnight.

The Hang Seng Index fell 0.1% to 31,110.20, marking a second day of losses. Wharf Real Estate Investment dropped 3.4% and Henderson Land Development gave up 0.9%, sending a gauge of large real estate companies listed in the city 0.4% lower.

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