HK: No anomalies in market selloff

The Hong Kong Special Administrative Region government is keeping a watchful eye on the local stock market, and has concluded that the market is operating in an orderly manner with no unusual occurrences or anomalies, HKSAR Chief Executive John Lee Ka-chiu said on Tuesday.

Lee made the remarks before a weekly Executive Council meeting, responding to the slump of Hong Kong's benchmark Hang Seng Index, which dipped below the key 15,000-point mark on Monday.

He said Hong Kong regulatory authorities believe the city's bourse is functioning in line with expectations, despite high interest rates, an intricate geopolitical landscape, uncertainties in supply chains and freight, as well as the impact of shifting dynamics stemming from the US presidential campaign and its ramifications on the global stage.