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Indonesia News Portal for Traders | Financial & Business Updates

16 October 2024 16:17  |

Hong Kong Stocks End Flat in Negative Territory; Qiniu Stocks Plummet 56% on Trading Debut

Hong Kong stocks fell marginally on Wednesday, improving from substantial losses, as market sentiment remained jittery and investors held on to the hope of receiving clarity regarding China's recent stimulus measures.

The Hang Seng Index fell slightly to finish the session at 20,286.85. The Hang Seng China Enterprises Index saw a minor decrease at 7,267.98.

The housing ministry is holding a press conference on Thursday, at which investors are counting on the announcement of more details on how the support policy measures will be implemented, according to an SCMP report.

Property stocks soared in anticipation of more support for the sector. Sunac China, China Vanke and Longfor Group surged 40%, 19%, and 8%, respectively.

Source: MT Newswires

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