Hong Kong stocks decline for third week as cautious investors resort to profit-taking

Quick Summary:

US car tariffs’ impact on the US stock market have brought about a correction in Hong Kong, Kingston Securities’ Dickie Wong says.

Having digested US President Donald Trump’s 25 per cent tariffs on car imports, investors are bracing for a slew of new tariffs on April 2, which are likely to fuel inflation in the US.

It was the benchmark’s third weekly loss.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongTaiwan

Topics: Seng Investors Friday Hong Declined Lower Index Kong Cent Hang Maker

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 10:46:58 (5 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 227 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27513592

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