Hang Seng Under Pressure at Close

The Hang Seng tumbled 207.64 points or 1.24% to finish at 16,529.48 on Tuesday, reversing from small gains the day before as all sectors retreated.

Investors reacted to regulatory tightening across China's financial sector.

The changes, which will be implemented on April, 18th, include a raise in the minimum registered capital of firms that can provide consumer loans to CNY 1 billion, over three times more than the minimum cap set in 2014.

The National Financial Regulatory Administration also increased the required stake of a consumer finance company investor to at least 50% from 30%.

Caution also lingered ahead of an interest rate decision in the US Fed and the March fixing of key lending rates from the PBoC this week.

Meanwhile, contracts for US shares were mixed following Monday’s rebound on Wall Street due to an upturn in tech stocks.

Li Auto sank 7.5%, followed by Ubtech Robotics (-6.5%), Orient Overseas (-5.7%), J&T Global Express (-3.8%), and China Overseas Land (-3.7%).