Hong Kong Shares End Lower, Tech Stocks Weigh -- Market Talk

Dow Jones

2024-10-21

0832 GMT - Hong Kong shares ended lower, with the Hang Seng Index dropping 1.6%. The Hang Seng Tech Index was 2.4% lower. Investor sentiment still seems low even as China continues its easing push with cuts to benchmark lending rates. All eyes are on specific figures of China's fiscal stimulus package that could be announced at the upcoming NPC meeting. Tech stocks led the declines, with NetEase dropping 3.9%, Alibaba falling 2.7%, and Trip.com 3.6% lower. Gainers include China Overseas Land & Investment, which rose 2.6%, and Xinyi Solar, which added 3.45%. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

October 21, 2024 04:33 ET (08:33 GMT)

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

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