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Several brokerages lowered predictions for Hong Kong economic growth, and Mainland markets posted sharp declines to help drive Hong Kong stocks lower after a two-day rally.

Reports Europe would double its bailout fund and a positive outlook for the upcoming European summit meeting boosted Hong Kong and Chinese stocks.

Hong Kong blue chips rose to a high of 20,173 on the improved political situation in debt-ridden Italy and on gains in the U.S., but fell back from the 100-day moving average.

Worsening debt problems in Europe and a sharp drop in Chinese markets pushed Hong Kong lower. Blue chips opened higher but once sank in thin trading.

Hong Kong plunged at mid-morning on profit-taking after the recent rally, but climbed back into positive territory in the afternoon as Mainland markets posted gains.

Wednesday's tepid rebound in China stocks likely presages cautious trading the rest of the week.

Strong performances by U.S. markets helped Hong Kong and China stocks extend their rally. However, gains and turnover declined after Monday's big rise.

The report is titled as 'Microcontroller Market: Opportunity Analysis and Future Assessment 2022-2030'. An overview of conceptual frameworks, analytical approaches of the Microcontroller market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.