Hong Kong Shares Fall as Property, Tech Stocks Weigh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
0mins
Source: WSJ
Market Performance: Hong Kong shares are experiencing a decline, with the Hang Seng Index dropping 5.6% and the Hang Seng Tech index down 7.9%, as investors take profits following a recent surge of 25% in a month.
Investor Sentiment: The lack of new stimulus measures from China's economic planner has disappointed investors, leading to significant losses in property and technology stocks, including Longfor Group and Alibaba Health Information.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
