China stocks dipped on Wednesday as many traders were reluctant to take fresh positions ahead of the long Labour Day holiday.

But the Hong Kong market rose slightly, aided by a jump in tech stocks, and a rebound in property shares.

The SAR's Hang Seng Index rose 0.5 percent for the session, closing at 22,119.

But taking the entire month into account, the HSI dropped five percent - the biggest monthly fall in 16 months. (Reuters)