PT Rifan Financindo Berjangka - The Hang Seng dipped 182 points or 0.9% to close at 19,560 on Thursday after a subdued session the day before, burdened by losses across sectors.
Investor unease mounted regarding China's policy outlook ahead of an upcoming central economic working forum and the Politburo gathering next week. A new round of US-China tech curbs and fears about additional trade disputes also unsettled markets.
Some economists warned that China's recovery momentum during Q4 could slow in H1 2025, partly due to the impact of a new US administration. Political turmoil in South Korea and France further contributed to market volatility, along with caution before Chinese trade data, set to be released over the weekend.
Capping further declines were Fed Chair Powell's latest comments on the US economy and a surge in US tech stocks Wednesday, ahead of Friday's NFP data. Among large-cap stocks that saw deep losses included Meituan (-4.0%), Alibaba Health Intl. (-3.8%), Trip.Com (-3.6%), and KE Holdings (-3.1%). PT Rifan Financindo Berjangka.
Source: Trading Economics
No comments:
Post a Comment