Hang Seng down 0.53% at 18,479 points (Il Sole 24 Ore Radiocor) - Hong Kong , 07 May - Hong Kong shares closed lower, halting a 10-day rally amid strong Asian markets, with the Hang Seng index taking a breather from its longest winning streak since January 2018.

The benchmark index closed down 0.53% at 18,479 points, retreating from its highest level since September 5 as investors hunted for bargains after the recent rally.

The benchmark index posted a 7.5% gain in April, its strongest monthly performance since January 2023, making it the world's best-performing index last month as expectations of more policy support from Beijing recently boosted investor sentiment.

Also helping boost Hong Kong stocks in the previous session, investors digested data that renewed optimism over China's economic recovery.

Today in Hong Kong stock market dealings technology shares were broadly lower after last week's rally.

The Hang Seng Tech index closed down 2.13%.

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(RADIOCOR) 07-05-24 11:43:25 (0380) 5 NNNN