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| Name | Symbol | Market | Type |
|---|---|---|---|
| Sands China Ltd (PK) | USOTC:SCHYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.082 | -0.36% | 22.83 | 22.33 | 23.16 | 22.86 | 22.2072 | 22.56 | 28,000 | 21:30:12 |
From Jan 2020 to Jan 2025
By Mia Lamar
HONG KONG--Hong Kong shares closed lower Thursday, hurt by a sharp selloff in Macau casino shares.
The blue chip Hang Seng Index fell 196.57 points, or 0.8%, to 24387.56 after trading between 24364.58 and 24502.30 in the session. Turnover totaled HK$77.52 billion (US$10 billion) compared with HK$69.7 billion Wednesday.
Macau casino shares dragged down the index following data that showed a greater-than-expected slowdown in revenue from lower-stakes gamblers last month.
"The market is shocked," said Deutsche Bank, which cut its forecast for growth in Macau gross gaming revenue this year to 6% from 9%. "We expect Street earnings cuts to follow."
Shares of Sands China Ltd. (1928.HK), the Macau unit of U.S. casino giant Las Vegas Sands Corp. (LVS), slumped 5.8% to HK$52.35. Galaxy Entertainment Group Ltd. (0027.HK) fell 6.4% to HK$59.40. Together, the two stocks accounted for a quarter of the index's decline on Thursday.
Write to Mia Lamar at mia.lamar@wsj.com
1 Year Sands China (PK) Chart |
1 Month Sands China (PK) Chart |
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