The Hong Kong stocks were traded at a lower rate due to the rise in earnings of major companies. The major property and financial companies rose on the index.

Majority of the investors showed their interest in stocks that have fallen. The investors are likely to buy the stocks in property sector also which rose by 1.1% on Monday. The top listed property developer, China Vanke Co Ltd rose up by 1.3%.

The shares of Yanzhou Coal Mining Co Ltd was up by 2.4% after announcing a rise in its earnings by 125% whereas the shares of its rival China Shenhua Energy Co Ltd went down by 0.1%.

The Hang Seng Index lowered by 0.72% and was traded at 22,990.82 whereas the Shanghai Composite Index was up by 0.7% and was traded at 2,998.8 points.

The main cause of the lowering in Hong Kong stocks was said to be the decline in the shares of China Construction Bank Corp. The shares of the bank fell by 2.9% after the announcement of its earnings. The earnings of the bank fell by 1.7% later this week.

Nearly 16 banks listed in the Shanghai and Shenzhen rose in the market.