Hong Kong stocks Tag

04 Jan Hong Kong stocks trade close to 2-week low as Fed minutes curb wagers on aggressive rate cuts

Posted at 02:43h in Asia

Hong Kong stocks hovered near a two-week low as the latest minutes from the Federal Reserve suggested interest rates would remain higher for longer, offsetting a report showing an improvement in China’s services industry.The Hang Seng Index fell 0.5 per cent to 16,563.38 as...

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03 Jan Alibaba, JD.com, Baidu drag Hong Kong stocks to 2-week low on jitters about China’s economy, US rates

Posted at 02:40h in Asia

Hong Kong stocks dropped to a two-week low as concerns about the strength of China’s growth persisted and optimism about an imminent cut in US interest rates faded.The Hang Seng Index fell 1.1 per cent to 16,595.60 as of 11.18am local time, heading for...

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02 Jan Hong Kong stocks make a dismal start to 2024 after China PMI report hints at sustained economic weakness

Posted at 02:40h in Asia

Hong Kong stocks make a dismal start to 2024 after China PMI report hints at sustained economic weaknessHong Kong stocks dropped on the first trading day in 2024 after an official Chinese manufacturing report showed a contraction for a third straight month in December.The...

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