• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

24 October 2024 10:39  |

Hong Kong Stocks Break Two-Day Winning Streak

Shares in Hong Kong lost 159 points or 0.8% to 20,605 in Thursday morning session after gaining in the previous two sessions, weighed by steep declines in most sectors. The Hang Seng tech index slipped around 1% after Taiwan Semicon Manufacturing halted shipments to a client after discovering that chips made for that client ended up with Huawei Tech Co., potentially violating US sanctions. Property and consumers also moved lower, with traders keeping an eye on the upcoming US election, the outlook for the Fed's interest rate path, and ongoing tensions in the Middle East. Tempering the losses was speculation about a potential CNY 2 trillion market stabilization fund in China, as suggested by a government-affiliated think tank. Index heavyweights dipped, with Tencent Hlds. and Meituan sinking around 1.4%, respectively. Other sharp losses were observed for KE Hlds. (-4.2%), Chow Tai Fook Jewelery (-3.6%), China Resources Land (-3.0%), and Geely Auto (-2.6%).

Source: Trading Economics

Related News

HANGSENG

Hang Seng Index Rises 0.8%; Alibaba Leads Advance

The Hang Seng Index opened 0.8% higher, climbing 146.05 to 18,159.21, as stocks gain for the sixth straight day in Hong Kong....

20 September 2024 09:07
HANGSENG

Hang Seng Climbs After China Reduces RRR, Short-Term Rates

Shares in Hong Kong jumped 541 points or 2.7% to 20,476 in early trade on Friday, extending a rally from the prior session an...

27 September 2024 11:42
HANGSENG

Hang Seng Index Falls 0.2%; ICBC Leads Decline

The Hang Seng Index fell for the second day, dropping 0.2%, or 40.48 to 17,651.49 in Hong Kong. The index dropped to the lowe...

3 September 2024 15:26
HANGSENG

Hang Seng Index Falls 0.7%; Led by Finance Sector

The Hang Seng Index fell 0.7% at 17,108.71 in Hong Kong. The index dropped to the lowest closing level since Aug. 9 after the...

11 September 2024 15:23
BIAS23.com NM23 Ai