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Indonesia News Portal for Traders | Financial & Business Updates

29 November 2024 09:58  |

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

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