Hong Kong stocks fall on weak China data; Alibaba and Tencent lead losses

Quick Summary:

Hong Kong stocks dropped as China economic data triggered a sell-off, while the Federal Reserve’s imminent easing cycle helped limit losses.

The data “amplify the concerns of further deterioration in growth momentum and confidence and risks of a liquidity trap,” analysts at Barclays said in a note over the weekend.

Mainland markets are closed through Tuesday for a holiday.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jiaxing Li

Category: Business

Markets: Hong KongChina

Topics: Stocks Data August Dropped Cent Growth Index Lost Decline Kong Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 10:26:28 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 192 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22521930

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 5 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions