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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