Hong Kong stocks head for longest losing streak in 2 months as Trump trade kicks in

Quick Summary:

The Hang Seng Index closed below 20,000 for the first time since September 26 on Tuesday and lost 5.3 per cent over the last three days.

The outcome of China’s legislative meeting last week also weighed on sentiment, as bond sales to address local-debt issues deflated expectations of measures to boost consumption and employment.

The former US president favours higher tariffs, trade protectionism and tax cuts, policies that will heighten geopolitical tensions and stoke inflation.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Time Dropped September Index Closed First Hang Cent Tuesday Seng Lost

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:20:20 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 235 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23563477

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About SCMP

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Official Website: scmp.com

Update Frequency: 15 posts per day

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Headquarters: Hong Kong

News Last Updated: 43 minutes ago

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