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Stocks decline for a second day in Hong Kong amid concerns about an imminent debt default at Country Garden Holdings. US tech curbs and widening Israel-Gaza war are sapping appetite for riskier assets.
Hong Kong extended losses as China’s property crisis deepened amid concerns about an imminent debt default by Country Garden Holdings. Tightened US tech curbs…
Hong Kong stocks wavered between gains and losses as China’s gross domestic product data (GDP) showed recovery in the world’s second largest economy was on track, but gains were capped as the intensifying Israeli-Hamas war stoked oil prices and posed a risk to global economic growth.
Local stocks regain some footing as investors bet diplomatic efforts will help prevent the Israel-Hamas war from developing into a regional conflict.
Stocks retreat further from a five-week high as investors brace for new US curbs on technology exports to China. China’s economy slowed last quarter, according to forecasts before a government report this week.