Hong Kong Shares Fall; Markets Await Details on China Fiscal Measures -- Market Talk

Dow Jones

2024-10-09

0822 GMT - Hong Kong's Hang Seng Index closed 1.4% lower at 20637.24 after a choppy trading session. Stocks continued their slump after China's top state planner failed to meet hopes for additional fiscal measures at a briefing Tuesday, weighing on sentiment in China and Hong Kong. Markets are now focused on the Chinese finance ministry's media briefing on Saturday for further fiscal measures. Citic fell 8.2%, Alibaba Health Information Technology lost 7.1% and Wuxi Biologics was 6.1% lower. Among winners, CK Infrastructure and Meituan each rose 2.5%, while Power Assets gained 1.95%. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

October 09, 2024 04:22 ET (08:22 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Stocks continued their slump after China's top state planner failed to meet hopes for additional fiscal measures at a briefing Tuesday, weighing on sentiment in China and Hong Kong. Markets are now focused on the Chinese finance ministry's media briefing on Saturday for further fiscal measures. Citic fell 8.2%, Alibaba Health Information Technology lost 7.1% and Wuxi Biologics was 6.1% lower. Among winners, CK Infrastructure and Meituan each rose 2.5%, while Power Assets gained 1.95%. 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Stocks continued their slump after China's top state planner failed to meet hopes for additional fiscal measures at a briefing Tuesday, weighing on sentiment in China and Hong Kong. Markets are now focused on the Chinese finance ministry's media briefing on Saturday for further fiscal measures. Citic fell 8.2%, Alibaba Health Information Technology lost 7.1% and Wuxi Biologics was 6.1% lower. Among winners, CK Infrastructure and Meituan each rose 2.5%, while Power Assets gained 1.95%. 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Stocks continued their slump after China's top state planner failed to meet hopes for additional fiscal measures at a briefing Tuesday, weighing on sentiment in China and Hong Kong. Markets are now focused on the Chinese finance ministry's media briefing on Saturday for further fiscal measures. Citic fell 8.2%, Alibaba Health Information Technology lost 7.1% and Wuxi Biologics was 6.1% lower. Among winners, CK Infrastructure and Meituan each rose 2.5%, while Power Assets gained 1.95%. 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Stocks continued their slump after China's top state planner failed to meet hopes for additional fiscal measures at a briefing Tuesday, weighing on sentiment in China and Hong Kong. Markets are now focused on the Chinese finance ministry's media briefing on Saturday for further fiscal measures. Citic fell 8.2%, Alibaba Health Information Technology lost 7.1% and Wuxi Biologics was 6.1% lower. Among winners, CK Infrastructure and Meituan each rose 2.5%, while Power Assets gained 1.95%. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 09, 2024 04:22 ET (08:22 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}