Hong Kong Shares Fall; Markets Await Details on China Fiscal Measures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
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Source: WSJ
Market Performance: Hong Kong's Hang Seng Index dropped 1.4% to 20637.24 amid disappointing fiscal measures from China's state planner, leading to a negative sentiment in the markets.
Stock Movements: Notable declines included Citic (-8.2%), Alibaba Health Information Technology (-7.1%), and Wuxi Biologics (-6.1%), while CK Infrastructure and Meituan saw gains of 2.5%.
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.
