Hang Seng Index Falls as Alibaba and Tech Stocks Slide Ahead of China Market Reopening
4 Articles
4 Articles
Hong Kong stocks performed exceptionally poorly in October, with key market data showing a dismal performance. Looking at the latest market performance in October: On October 7th, Hong Kong stock turnover was only about HK$94.7 billion, falling below HK$100 billion. Although the Hong Kong Stock Exchange's southbound trading was affected by the mainland holiday from October 2nd to 7th (HKEX), turnover rebounded to about HK$207.3 billion on Octobe…
Hang Seng Index Falls as Alibaba and Tech Stocks Slide Ahead of China Market Reopening
The Hang Seng Index slipped on Wednesday as investors took some money off the table ahead of a potentially important test for Hong Kong stocks: the return of mainland Chinese traders. Hong Kong’s benchmark index closed around 24,130, down roughly 0.6%, after recovering during the previous two sessions. The Hang Seng China Enterprises Index lost about 0.6%, while the technology-heavy Hang Seng Tech Index fell approximately 0.7%. The weakness was …
[Cable News] Hong Kong stocks reversed the gains of the past two days, with the Hang Seng Index falling more than 100 points. Trading volume shrank again ahead of the return of northbound capital. The Hang Seng Index opened lower and fell more than 200 points at one point.
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