Asian stock gauge about seven years’ high as technology shares declines and consumers equities advanced. Shares went down in Hong Kong for the first time in nine years.
Tencent Holdings Limited chairman reduced his shares in the internet company so it slumped 5.5 percent in Hong Kong. Hong Kong Exchanges and Clearing Limited dropped 4 percent from a record after gaining 66 percent in the last eight sessions.
The MSCI Asia Pacific Index added low than 01 percent to 152.7 as of 12:32 pm in London, erasing a 0.4 percent increase. Equity benchmarks in Hong Kong dropped at least 1.6 percent today, with the Hang Seng Index falling the most this year. An expert has said that the market is building up pressure for profit taking in short terms.
