Hong Kong stocks trade near 2-month low as Chinese industrial profits fall for third month

Quick Summary:

Industrial profits at large Chinese companies dropped 10 per cent from a year earlier in October.

Other major Asia-Pacific markets were mixed: Japan’s Nikkei 225 slipped 0.7 per cent, South Korea’s Kospi rose 0.2 per cent and Australia’s S&P/ASX 200 added 0.5 per cent.

Chow Tai Fook Jewellery Group jumped 6.1 per cent to HK$7.28 after unveiling a share repurchase plan of up to HK$2 billion (US$257 million).

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongAustraliaChinaJapanSouth Korea

Topics: Hong Companies Kong Month Chinese Profits Industrial Fell Cent Third Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 10:24:26 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 223 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23900136

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Official Website: scmp.com

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