The Hang Seng has hit a 13-year low
Hong Kong's economy is currently in a technical recession, after seeing two three-month periods in a row of contraction this year.
"The Hang Seng has hit a 13-year low and nothing is really helping the fragile sentiment," Dickie Wong, executive director of Kingston Securities said.
"There's also a sense that tax rebates are not enough to draw foreigners back to Hong Kong," he added.
Traders were also concerned about the Hong Kong government's "unprecedented silence on key economic indicators," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management said.
"The Hang Seng has hit a 13-year low and nothing is really helping the fragile sentiment," Dickie Wong, executive director of Kingston Securities said.
"There's also a sense that tax rebates are not enough to draw foreigners back to Hong Kong," he added.
Traders were also concerned about the Hong Kong government's "unprecedented silence on key economic indicators," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management said.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
MonkeyGee : is this the flush before the pop
一切由市场说了算 : We're not embarrassed to talk too much, everything is up to heaven
divinepapa MonkeyGee: Likely trend submerge further seh
reserved Cheetah_041 : How old are you. You seems very young Spinee
SpineeOP MonkeyGee: we dont know
SpineeOP reserved Cheetah_041:
reserved Cheetah_041 SpineeOP: You are very smart for your long look tthat's why I asked you how old you are
SpineeOP reserved Cheetah_041: Thank you. But I don't want to reveal my age yet
reserved Cheetah_041 SpineeOP: Where are you located?