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Indonesia News Portal for Traders | Financial & Business Updates

9 December 2024 10:01  |

Hong Kong Stocks Down at Start of Week

Hong Kong's shares were almost flat in the Monday morning session, trading around 19,868 following a rally in the prior session, with investors digesting China's CPI and PPI data for November.

Consumer prices in the mainland rose by 0.2% yoy, missing market consensus of 0.5% and marking the softest increase in five months. Meanwhile, producer prices fell by 2.5%, pointing to the 26th month of drop despite softening from October's print of a 2.9% fall.

Market participants also monitored China's key policy meetings this week, including the Central Economic Working Conference and Politburo meeting, for signs of fresh stimulus.

In the US, Donald Trump told NBC on Sunday that he has no plans to replace Fed Chair Jerome Powell once he returns to the White House.

Source: Trading Economics

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