Hong Kong stocks tumble as China announces further Covid easing, trade data disappoints
Hong Kong stocks saw sharp declines, leading losses in the Asia-Pacific after China announced further easing of Covid measures, a move that was widely expected. Airline stocks maintained some gains, while casinos and technology-related stocks fell into negative territory shortly after the announcement.
The nation's trade data for November came in lower than expected, according to customs data.
$Hang Seng Index(800000.HK$ was 3.22% lower at 18,814.82, and $Hang Seng TECH Index(800700.HK$ fell 3.77%. In mainland China, $Shenzhen Component Index(399001.SZ$ the Shenzhen Component was up 0.175% at 11,418.76 while the $SSE Composite Index(800146.HK$ slipped 0.4% to 3,199.62.
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Winner takes all : does this make sense to you? stock tumbled on China opening news?
让子弹飞（SG) : If trade is bad, policies will support and promote trade. Increased trade favors shipping $COSCO SHIP HOLD (01919.HK)$
SpineeOP 让子弹飞（SG):
Thank you for your comment.
Ren8888 Winner takes all: Didn't you notice that the Hang Seng Index was all posted by a few of them?
whqqq Winner takes all: Are you bullish or bearish, may i ask?
Winner takes all whqqq: totally bullish, but you need hold firm, the selling pressure also alot above.
whqqq Winner takes all: OK Thank you for your reply. I will continue to observe.