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Indonesia News Portal for Traders | Financial & Business Updates

16 April 2025 10:40  |

Hong Kong Stocks Weakened

Hong Kong stocks plunged 536 points, or 2.5%, to 20,934 around midday on Wednesday, ending a six-session winning streak as traders locked in profits after the Hang Seng hit a two-month high earlier this week. U.S. stock futures also fell sharply, tracking overnight losses on Wall Street, as Nvidia shares slumped following fresh U.S. government restrictions on sales of its H20 AI chips to China and other regions. The Hang Seng Technology Index plunged more than 4%, with Meituan down 7.0%, while Tencent Holdings and Alibaba Group dropped 2.4% and 1.5%, respectively.

Source: Trading Economics

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