Global Market: China, Hong Kong stocks slip as weak economic data and property overhaul weigh

Global Market: China, Hong Kong stocks slip as weak economic data and property overhaul weigh

Chinese and Hong Kong stocks declined as weak economic data highlighted a fragile recovery, while new measures to reform Chinas housing presale system triggered a sharp selloff in property shares. Gold stocks also weakened after hawkish Fed signals, while strong first-half earnings from major banks offered some support.

Hang Seng Index: Top 3 reasons Hong Kong stocks are falling today

The Hang Seng Index retreated slightly on Monday as geopolitical tensions between the US and Iran rose and after a report showed that China’s economy was struggling. It dropped to 25,402, slightly lower than this month’s high of 26,180. Rising US-Iran tensions There is a risk that kinetic action between the US and Iran will escalate after the US launched an attack against key targets in the Strait of Hormuz. The strike killed two people, who, ac…

Hong Kong Stock Market Today: Hang Seng Falls 0.71%, Tech Index Drops 1.03% As Gold, Auto and Property Stocks Decline While Bank Shares Rally

Hong Kong’s major stock indices fell in Monday’s morning session, with the Hang Seng Index declining 0.71% and the Hang Seng Tech Index losing 1.03%. Tech, gold, auto and property stocks largely traded lower, while domestic bank shares advanced on improving interim earnings. The post Hong Kong Stock Market Today: Hang Seng Falls 0.71%, Tech Index Drops 1.03% As Gold, Auto and Property Stocks Decline While Bank Shares Rally appeared first on The …