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Indonesia News Portal for Traders | Financial & Business Updates

3 December 2024 11:12  |

Stocks in Hong Kong dipped 114 points

Stocks in Hong Kong dipped 114 points or 0.6% to 19,437 in Tuesday morning session, shifting from rises in the prior two sessions after the US imposed curbs on the sale of 24 types of manufacturing equipment and three software tools, while also blacklisting 140 more Chinese entities.

In response, Beijing said Monday that Washington abuses export controls and implements unilateral bullying, adding that it will launch essential actions to protect its interests. Meanwhile, US futures drifted lower after the S&P 500 and the Nasdaq hit new records overnight,ahead of Friday's November payrolls report and following comments from some Fed officials. Mitigating further losses was solid China's factory activity data for last month, from officials and a private survey.

Also, some traders hoped that China will further loosen its monetary policy after a weak reading for the service sector. Among the losing shares were J&T Global Express (-2.9%), Li Auto (-2.4%), and Semicon Manufacturing (-2.1%).(Cay) Newsmaker23

Source: Trading Economi

 

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