Renewed Support Anticipated For Hong Kong Shares

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. (RTTNews) - The Hong Kong stock market turned emphatically lower again on Tuesday, one session after halting the two-day losing streak in which it had dropped more than 510 points or 1.7 percent. The Hang Seng Index now rests just beneath the 30,160-point plateau although it may tick higher again on Wednesday. The global forecast for the Asian markets is mixed and little changed thanks to conflicting earnings data and a mild drop in crude oil prices. The European markets were slightly higher and the U.S. bourses were slightly lower and the Asian markets figure to split the difference. The Hang Seng finished sharply lower on Tuesday following losses from the financials, oil and insurance companies and technology stocks - while the properties offered support. For the day, the index plummeted 767.75 points or 2.55 percent to finish at 29,391.26 after trading between 29,345.74 and 29,965.11. Among the actives, Meituan plummeted 5.30 percent, while Techtronic Industries plunged 4.97 percent, WuXu Biologics tanked 4.47 percent, AAC Technologies tumbled 3.00 percent, Wharf Real Estate surged 2.91 percent, China Petroleum and Chemical (Sinopec) skidded 2.84 percent, CSPC Pharmaceutical retreated 2.48 percent, CNOOC declined 2.44 percent, Ping An Insurance surrendered 2.39 percent, ANTA Sports To keep reading about Renewed Support Anticipated For Hong Kong Shares, Click on the link. Seoul, Korea
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