Hong Kong Stocks Set to End Month on Downside
Hong Kong stocks fell 42 points, or 0.2%, to 19,328 on Friday morning, down for a second session amid continued caution ahead of China’s official November PMI figures due later this week.
The Hang Seng is on track for a second straight monthly decline, down nearly 5% so far, weighed down by growing concerns over the impact of Sino-U.S. trade tensions from the current and incoming administrations.
A decline in financial stocks dragged on the index, amid uncertainty over whether Beijing will introduce new policy measures to support the Chinese economy as the year ends.
Source: Trading Economics