Hong Kong’s stock market faced a challenging session as major indices reported notable losses, reflecting mixed investor sentiment. The Hang Seng Index closed at 20,108.25 HKD, marking a drop of 1.42%. The Hang Seng TECH Index also saw a significant decline of 1.68%, ending at 4,523.38 HKD.
Similarly, the Hang Seng China Enterprises Index fell by 1.60%, closing at 7,242.26 HKD. Meanwhile, the Hang Seng China 50 Index, valued in USD, was reported at 7,508.92, further highlighting the broad downward trajectory across sectors.
Market analysts attributed the decline to ongoing global economic uncertainties and a cautious stance among investors. While technology stocks bore the brunt of the losses, the performance of Chinese enterprises also contributed to the overall downturn.
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