Market Update: HSI extends loss, down 0.04%

The Hang Seng Index extended its recent losses, closeing down marginally by 0.04% or 11.29 points to end at 28,941.54 on Tuesday. This comes as investors await comments from the policy meeting of the US Federal Reserve.

Bottom performers for the day were Wuxi Biologics (Cayman) with $107.90 or 6.01% in loss, Budweiser which went lower by 1.8% or $24.60, and Link REIT which declined 1.35% or $73.25.

The Tech Index, however, gained further as it went higher by 0.37% or 31.21 points to close the day at 8,516.45.

Other Asian stocks traded mixed as the resurgence of COVID-19 cases and the US Federal Reserve policy meeting kept investors on edge.

Meanwhile, Wall Street benchmark indexes end mostly flat as investors await a batch of earnings from tech heavyweights.

S&P 500 decreased 0.02% or 0.90 points to end at 4,186.72, whilst NASDAQ edged down 0.34% or 48.56 points to end at 14,090.22. On the other hand, the Dow Jones Industrial inched up 0.01% or 3.36 points to close at 33,984.93.

London stocks closed the day in red, as investors monitor the COVID-19 crisis in India and amidst earnings season.

FTSE 100 fell 0.26% or 18.15 points to end at 6,944.97 despite the rise in bank shares, whilst the FTSE 250 slipped 0.64% or 144.26 points to close at 22,433.08.