The Hang Seng shares index .HKL, the industry’s benchmark, slid 0.15pc to HK$6.77, its lowest close or close in 11 sessions. That was its lowest since Sept. 30. Meanwhile, the Shenzhen Composite index was down 0.3pc at 21,935.
The broader Shanghai index was higher by more than 1pc.
Analysts said China’s economy should be more resilient in the coming months in light of the government’s stimulus measures, and that a global recession was still unlikely.
Cebr, meanwhile, said that investors still wanted a sustained period of stronger demand, not a quick rebound in the economy following the fall in demand in September, to help revive growth.
“Despite the recent falls, we still believe the rebound will carry on. If the situation goes badly again, however, we don’t see how the economy can possibly recover,” said Mr Chen.
The People’s Bank of China in Beijing is expected to hold its largest-ever stimulus program of more than $90bn over the next two months, to help prop the economy up in the face of the outbreak.
China’s Central Bank plans to announce the details of the stimulus package shortly.