Hong Kong Shares Rise; China Macro Data in Focus -- Market Talk

Dow Jones
2024-10-18

0147 GMT - Hong Kong's Hang Seng Index rises 0.7% to 20221.60, erasing losses at the open. Markets are eyeing China's 3Q GDP data due today, as well as monthly retail sales and industrial output numbers, the UOB Global Economics & Markets Research team writes in a note. Investors expect growth to moderate, UOB adds. BYD Electronic International and Lenovo Group each gain 3.5%, while China Resources Beer rises 3.1%. Among decliners, JD.com falls 1.6%, China Overseas Land & Investment loses 1.0% and WH Group is 0.5% lower. The Hang Seng Tech Index is 0.7% higher at 4379.26. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

October 17, 2024 21:47 ET (01:47 GMT)

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