At closing bell, the benchmark Hang Seng Index rose marginal 0.07%, or 16.62 points, to 24,208.78. The Hang Seng China Enterprises Index dropped 0.25%, or 21.17 points, to 8,583.82.
Market risk sentiments were downbeat as China's efforts to inject more liquidity into the banking system failed to spur risk appetite amid a liquidity crunch at Evergrande. The People's Bank of China pumped 100 billion yuan (US$15.5 billion) into the local banking system through open market operations on Monday, supplementing net liquidity injection of 510 billion yuan in the preceding six days.
Cryptocurrency-related stocks slumped after Beijing banned all transactions in the latest crackdown on digital currencies. Huobi Technology plummeted 21.5% while OKG Technology crashed 19.1% and Meitu dropped 7.3%.
Shares of materials finished down as China's power crunch, caused by tight coal supplies and toughening emissions standards, has triggered a contraction in heavy industry across several regions. Aluminum Corporation of China fell by 6.3%.
Shares of gaming stocks dropped as measures of Macau's pandemic prevention are expected to stay in place until after the National Day Golden Week, traditionally a peak season for Macau travelling and gambling.
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