Hong Kong stocks drop as investors wait for Beijing to deliver more support measures

Quick Summary:

EV makers Xpeng and Li Auto lead losers; China Mobile slips after making a takeover offer for broadband service provider HKBN.

Analysts have said China’s stimulus blitz in late September may not be enough to convince investors, who are worried about possible US measures to limit Chinese exports under the incoming Trump administration.

The headquarters of the People’s Bank of China in Beijing.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Dropped Cent Investors Kong Index Hk$6 Measures Fell Hong China Beijing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 10:48:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 252 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24074580

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

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News Language: English

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Publisher ID: #42

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