Hong Kong Shares Fall 0.9%, Tracking Wall Street's Losses -- Market Talk

Dow Jones
01-08

0825 GMT - Hong Kong shares closed lower, tracking Wall Street's declines overnight. Investors' focus is on the U.S. nonfarm payrolls data due later this week, IG market strategist Yeap Jun Rong says in a note. Any stronger jobs data "may trigger further shunning of risks on less dovish Fed views," Yeap adds. Among decliners, Sunny Optical Technology dropped 7.6%, Techtronic Industries lost 4.7% and Zhongsheng Group shed 4.05%. Meanwhile, NetEase rose 3.0% and WH Group added 2.9%. The Hang Seng Index declined 0.9% to end at 19279.84; the Hang Seng Tech Index fell 1.1% to 4307.40.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

January 08, 2025 03:25 ET (08:25 GMT)

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