Hong Kong Shares Fall; Consumer Stocks Lead Declines -- Market Talk

Dow Jones

Mar 10, 2025

0833 GMT - Hong Kong's Hang Seng Index fell 1.85% to 23783.49, weighed down by consumer stocks. Broader risk-taking remains limited, but a short-term rebound is possible, writes Yeap Jun Rong, market strategist at IG. China's inflation data was a significant downside surprise, indicating weak domestic demand beyond the effects of the Lunar New Year holiday. However, China's pledges for proactive fiscal support suggests authorities will address any unexpected economic weakness, Yeap says. Shenzhou International Group fell 5.4%, China Unicom Hong Kong lost 4.9% and Meituan was 4.7% lower. Among advancers, Alibaba Health Information Technology rose 3.25%, Orient Overseas (International) gained 3.0% and Baidu was 1.3% higher. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

March 10, 2025 04:33 ET (08:33 GMT)

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Broader risk-taking remains limited, but a short-term rebound is possible, writes Yeap Jun Rong, market strategist at IG. China's inflation data was a significant downside surprise, indicating weak domestic demand beyond the effects of the Lunar New Year holiday. However, China's pledges for proactive fiscal support suggests authorities will address any unexpected economic weakness, Yeap says. Shenzhou International Group fell 5.4%, China Unicom Hong Kong lost 4.9% and Meituan was 4.7% lower. Among advancers, Alibaba Health Information Technology rose 3.25%, Orient Overseas (International) gained 3.0% and Baidu was 1.3% higher. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2025 04:33 ET (08:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Shares Fall; Consumer Stocks Lead Declines -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Shares Fall; Consumer Stocks Lead Declines -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-10 16:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0833 GMT - Hong Kong's Hang Seng Index fell 1.85% to 23783.49, weighed down by consumer stocks. Broader risk-taking remains limited, but a short-term rebound is possible, writes Yeap Jun Rong, market strategist at IG. China's inflation data was a significant downside surprise, indicating weak domestic demand beyond the effects of the Lunar New Year holiday. However, China's pledges for proactive fiscal support suggests authorities will address any unexpected economic weakness, Yeap says. Shenzhou International Group fell 5.4%, China Unicom Hong Kong lost 4.9% and Meituan was 4.7% lower. Among advancers, Alibaba Health Information Technology rose 3.25%, Orient Overseas (International) gained 3.0% and Baidu was 1.3% higher. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 10, 2025 04:33 ET (08:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0128525689.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518321843","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518321843","pubTimestamp":1741595580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0833 GMT - Hong Kong's Hang Seng Index fell 1.85% to 23783.49, weighed down by consumer stocks. Broader risk-taking remains limited, but a short-term rebound is possible, writes Yeap Jun Rong, market strategist at IG. China's inflation data was a significant downside surprise, indicating weak domestic demand beyond the effects of the Lunar New Year holiday. However, China's pledges for proactive fiscal support suggests authorities will address any unexpected economic weakness, Yeap says. Shenzhou International Group fell 5.4%, China Unicom Hong Kong lost 4.9% and Meituan was 4.7% lower. Among advancers, Alibaba Health Information Technology rose 3.25%, Orient Overseas  gained 3.0% and Baidu was 1.3% higher. 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Broader risk-taking remains limited, but a short-term rebound is possible, writes Yeap Jun Rong, market strategist at IG. China's inflation data was a significant downside surprise, indicating weak domestic demand beyond the effects of the Lunar New Year holiday. However, China's pledges for proactive fiscal support suggests authorities will address any unexpected economic weakness, Yeap says. Shenzhou International Group fell 5.4%, China Unicom Hong Kong lost 4.9% and Meituan was 4.7% lower. Among advancers, Alibaba Health Information Technology rose 3.25%, Orient Overseas (International) gained 3.0% and Baidu was 1.3% higher. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 10, 2025 04:33 ET (08:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}