Hong Kong shares dip as HSBC loss weighs down market

SINGAPORE, May ​5 (Reuters) - Hong ⁠Kong's stock marketslipped on Tuesday with ​a drop in HSBC shares after a surprise loan loss dragging on the market, ​while ‌mainland Chinese markets were closed for a holiday.

* Hong Kong's benchmark Hang ⁠Seng Index closed 0.76%lower at 25,889.61. HSBC shares ⁠fell 5.2%.

* HSBC reported an unexpected $400 ​million loss on private-credit loans linked to a fraud case in Britain.

* The market mood was wary while a fragile Mideast ceasefire was in the balance ​as ‌Iran and the U.S. launched new attacks and wrestled for control of the Strait of Hormuz.

* Despite the backdrop, new listings are booming and Star Sports Medicine stock finished its debut session nearly 120% ​higher than its offer price.

* The China-based medical device company, which ‌specialises in clinical sports medicine, raised HK$827.4 million ($105.62 million), with the Hong Kong public offering 7,823.13 times subscribed.

* "The IPO ‌market is still hot," said Kenny Ng, a securities strategist at China Everbright Securities International.

* Shares in battery-maker Contemporary Amperex Technology led Hang Seng gains with ​a 3.7% rise.Last week CATL said it signed a three-year sales deal for sodium-ion batteries, ‌a new technology that promises a safer, cheaper alternative to lithium-ion. HSBC led losses.

* Regional trading volumes were subdued due to holidays in Japan ⁠and South ⁠Korea. MSCI's Asia ex-Japan index slipped 0.3%.

* The ‌offshore yuan held steady at 6.83 per dollar, even as other emerging market currencies around ​Asia slumped. ​It is the best-performing Asian currency against the greenback since ‌the Middle East conflict erupted on February 28.

* Mainland stock, bond, currency and commodity markets re-open on Wednesday.

HSBC Holdings