The ChiNext Index went down on Tuesday as only 14 of the 50 stocks at China's start-up board for small and medium-sized enterprises rose.
Hong Kong stocks rose 28.43 points, or 0.14 percent, to close at 20,272.18 Tuesday.
Chinese equities continued the downward trend of the previous two trading days and closed lower Tuesday, led by property and agricultural large-cap shares, as investor confidence remained weak, dealers said.
Agricultural stocks declined yesterday despite the issuing of a policy document by the central government that called for more investment and subsidies for the country's farmers.
SINGAPORE: Asian stocks may decline for months after forming a "top" that signals the end of a 10-month rally, according to Elliott Wave International Inc.
Mainland stocks fell, sending the benchmark index to the lowest level in almost four months, as growth in manufacturing heightened concerns the government will take additional measures to prevent the economy from overheating.
Hong Kong stocks rose 121.76 points, or 0.61 percent, to close at 20,243.75 Monday.
Chinese equities closed lower Monday on the latest manufacturing sector figures, led by iron and steel and brokerage large-cap shares.
A trial program to launch margin trading and short selling business at selected security firms will have its preliminary evaluation by the Securities Association of China (SAC) completed by March.
One belief technical traders hold dear is that the market is always right. But the substantial declines in China's A-share market in the past week may suggest that the market sometimes can be wrong, observers said.
Markets are a measure of economic strength but they also reflect the behavior of investors who are prone to overreactions. Commodity markets can provide another perspective on economic strength and development.
NASDAQ, which saw a record number of Chinese companies listed on its market in 2009, is expecting more players from China this year, NASDAQ Executive Vice President Bruce Aust said on Friday.