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Hong Kong Stocks Face Weak Start to 2025 Amid Economic Concerns and Upcoming U.S. Policies

share-iconFriday, January 03 comment-icon2 weeks ago 8 views
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Hong Kong Stocks Face Weak Start to 2025 Amid Economic Concerns and Upcoming U.S. Policies

Credited from: SCMP

  • Hong Kong stocks began the new year with a decline, as the Hang Seng Index dropped 2.5% to 19,560.32 on concerns about China's growth.
  • The Caixin manufacturing purchasing managers’ index fell to 50.5 in December, below economists' expectations, reflecting economic sluggishness.
  • Key players like Xinyi Solar and Semiconductor Manufacturing International saw significant declines, with Xinyi down 6.1% and SMIC down 4%.
  • Investor sentiment shifted towards fixed-income products amid worries of deflation and the influence of the incoming U.S. administration.
  • Asia-Pacific markets showed mixed results, with Japan's Nikkei 225 down 1% while Australia's S&P/ASX 200 managed a slight gain of 0.4%.

For more details, read the full articles on SCMP and SCMP.

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Hong kong stocks China manufacturing Economic outlook Hang seng index Volatility Us policies Deflation
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Gloria Terra

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