Hong Kong stocks tick down in thin trade as property, financials drag
4 Articles
4 Articles
Global Market: Hang Seng dips as real estate, financial shares face selling pressure
Hong Kong stocks edged lower as selling pressure in real estate and financial shares offset gains in technology stocks. The Hang Seng Index fell 0.08% by midday, while the Hang Seng Tech Index rose 0.3%. Trading remained subdued with mainland Chinese markets shut for the National Day holiday.
Hong Kong stocks tick down in thin trade as property, financials drag
HONG KONG, Oct 5 (Reuters) – Hong Kong stocks edged lower in light trading on Monday, as selling pressure on property developers and financial heavyweights outweighed modest gains in tech shares. ** Hong Kong benchmark Hang Seng was down 0.08% by midday, while the Hang Seng China Enterprises Index was flat. ** Shares in rate-sensitive sectors continued to decline. ** Real estate firms dropped 0.9% while a finance subindex tracking big bank…
Host: Wong Kin-Chun; Guest: Wong Wai-Ho, First Vice President of Yung Yuen Worldwide Family Office (Hong Kong); Opening Focus: The Hang Seng Index opened 8 points lower at 23,963.
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