Hong Kong Shares Fall as Property, Tech Stocks Weigh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
0mins
Should l Buy ?
Source: WSJ
Market Performance: Hong Kong shares are experiencing a decline, with the Hang Seng Index dropping 5.6% and the Hang Seng Tech index down 7.9%, as investors take profits following a recent surge of 25% in a month.
Investor Sentiment: The lack of new stimulus measures from China's economic planner has disappointed investors, leading to significant losses in property and technology stocks, including Longfor Group and Alibaba Health Information.
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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.
