0153 GMT - Hong Kong's Hang Seng Index falls 0.6% to 24083.67, weighed by consumer stocks. Markets are digesting China's inflation data released over the weekend, which showed continued disinflationary pressures. Given that the NPC meetings have been underwhelming in terms of scale of fiscal support and the makeup of announced measures, persistent structural imbalances will keep inflation low through 2025 and beyond, Capital Economics China economist Zichun Huang says in a note. Li Ning falls 3.3%, Haidilao International loses 3.2% and China Unicom Hong Kong is 3.0% lower. Among advancers, Alibaba Health Information Technology rises 4.3%, Baidu gains 3.1% and Li Auto is 1.7% higher. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
March 09, 2025 21:54 ET (01:54 GMT)
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