Hong Kong: Shares fall, tracking global and China markets
[HONG KONG] Hong Kong stocks fell on Wednesday, tracking global markets, as a two-week rebound that lifted the benchmark Hang Seng Index by 10 per cent showed signs of sputtering out.
Investor sentiment was not aided by China's September inflation data, which showed continuing deflationary pressure in the Chinese economy.
Mainland indexes declined on Wednesday.
The Hang Seng fell 0.7 per cent, to 22,439.91, while the China Enterprises Index lost 1.0 per cent, to 10,334.42 points.
Most sectors fell, with financial and commodity-related stocks leading the declines, reflecting lingering concerns over the state of the economy.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US dollar slips after unexpected rise in US producer prices
STI up 0.3% amid a mixed regional showing
Asia: Traders bide their time ahead of key US inflation data
Fraud concerns raise red flags for India’s booming tiny IPOs
IMF endorses Japan’s commitment to flexible yen
Singapore stocks open muted on Tuesday; STI up 0.01%