Hong Kong: Stocks down despite US market rally
[HONG KONG] Hong Kong shares closed down Thursday after initial gains, with confidence from a US stock rally tempered by weak economic data from China.
The Hang Seng Index lost 0.67 per cent, or 172.50 points, to close at 25,478.88.
The benchmark Shanghai Composite Index lost 0.61 per cent, or 15.20 points, to 2,483.09.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.22 per cent, or 15.56 points, to 1,264.23.
AFP
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
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling