Market Update: HSI down 0.43% as overseas virus resurgence worries weigh

The Hang Seng Index closed down 0.43% or 125.92 points to end at 28,952.83 on Monday, as fears over the resurgence of COVID-19 in overseas markets weighed on investor sentiment.

Bottom performers for the day were China Mengniu Dairy with $41.85 or 3.24% in loss, Geely Automobile which went lower by 2.93% or $21.55, and CSPC Pharmaceutical Group which declined 2.72% or $9.65.

The Tech Index, however, went higher by 0.21% or 17.49 points to close the day at 8,485.24.

Other major Asian markets also had a positive note ahead of the latest policy meeting of the Federal Reserve.

Meanwhile, Wall Street indexes traded mixed, as investors prepare for earnings season and ahead of the Federal Reserve meeting.

S&P 500 inched up 0.18% or 7.45 points at 4,187.62, whilst the Dow Jones Industrial decreased 0.18% or 61.92 points at 33,981.57. NASDAQ went higher by 0.87% or 121.97 points at 14,138.78.

The London blue-chip index also started the week in green, mainly due to rise in travel stocks, amidst announcements that the European Union may reopen its borders to non-essential travel from the US by summer.

FTSE 100 climbed 0.35% or 24.56 points to close at 6,963.12, whilst the FTSE 250 edged up 0.92% or 205.08 points at 22,577.34.

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