Hong Kong stocks tumbled 367 points, or 1.4%, to 26,094 in early Thursday trade, extending losses for a second session after Wall Street’s S&P 500 and Dow Jones slipped from record highs overnight on uneven U.S. economic data. Profit-taking deepened after local markets hit an over seven-week high earlier in the week, amid growing caution ahead of China’s December CPI and PPI due Friday. Geopolitical strains added pressure after Beijing banned exports of dual-use items to Japan, in retaliation for remarks on Taiwan by PM Sanae Takaichi. Losses were partly capped by Goldman Sachs’s upbeat outlook, projecting solid expansion in Chinese equities this year on earnings growth fueled by AI momentum. On fresh data, China’s forex reserves hit a 10-year peak in December, up for a sixth month amid a weaker U.S. dollar. All sectors weighed on the benchmark, dragged by financials and tech. Major laggards included Lenovo (-4.2%),, Kuaishou (-2.9%), KE Holdings (-2.4%), and Pop Mart Intl. (-1.6%).
Related Articles
Check Also
Close
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





