0430 GMT - Hong Kong shares extend losses at midday as investors brace for the U.S. election results. "Early U.S. election results are signaling a strong case of Trump 2.0," says Charu Chanana, Chief Investment Strategist at Saxo. Investors are concerned about the threat of China tariffs if Trump wins the election, Chanana says. The benchmark Hang Seng Index declines 2.6% to 20459.26 and the Hang Seng Tech Index is down 3.0%. Consumer-related tech names are leading the declines. Alibaba is down 4.0% and Meituan is 3.6% lower. Auto stocks are also weighing on the HSI, with BYD shedding 3.7% and Li Auto off by 2.4%. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
November 05, 2024 23:30 ET (04:30 GMT)
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