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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.