Global Market: Hong Kong stocks slump to four-month low as China stimulus hopes fade
- Chinese stocks fell as hopes for major government stimulus weakened.
- The CSI 300 Index declined as much as 1.6% and remained about 20% below its June high.
- Hong Kong-listed Chinese stocks dropped as much as 2.9%.
- South Korea’s Kospi fell 1.5%, while the MSCI Asia Pacific equities gauge reached its lowest close since late July.
23 Articles
23 Articles
The Economic Times
Times of IndiaGlobal Market: Hong Kong stocks slump to four-month low as China stimulus hopes fade
Hong Kong stocks plunged to a four-month low, while mainland Chinese blue-chip shares approached bear-market territory as technology stocks sold off. Weak stimulus expectations, concerns over economic imbalances and broader AI-related market losses weighed on investor sentiment.
China Stocks Set for Bear Market as AI Trade, Policy Hopes Fade
The Hang Seng index in Hong Kong (China) closed up 0.7 percent to 23,093.37 points, the Shanghai Composite index in Shanghai (China) rose 0.9 percent to 3,690.48 pointsGlobal stocks wobbled as a wave of red investment envelops Asian stock markets due to pressure from technology groups Oil prices surpass $110 per barrel, European stocks fall points
The price of Brent oil exceeded the $114 per barrel Friday, for the first time in May, while world stock markets are affected by a new wave of sales of technology companies' shares. Fears about the sustainability of huge investments in artificial intelligence have led to strong declines on Wall Street and Asian stock exchanges, causing investors to move their capital to assets considered safer.
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