Hong Kong Inventory Market Might Take Additional Harm On Tuesday

(RTTNews) – The Hong Kong inventory market has moved decrease in consecutive buying and selling days, stumbling nearly 600 factors or 2.6 % alongside the best way. The Dangle Seng Index now rests simply above the 23,780-point plateau and it figures to open below stress once more on Tuesday.

The worldwide forecast for the Asian markets is broadly destructive on recession fears and issues over the well being of the world financial system. The European and U.S. markets completed sharply decrease and the Asian bourses are anticipated to open below stress as properly.

The Dangle Seng completed sharply decrease on Monday following losses among the many monetary shares, property shares and know-how firms.

For the day, the index plunged 447/81 factors or 1.85 % to complete at 23,783.49 after buying and selling between 23,632.42 and 24,292.80.

Among the many actives, Alibaba Group stumbled 3.93 %, whereas Alibaba Well being Data surged 3.25 %, ANTA Sports activities slumped 2.09 %, China Life Insurance coverage and CITIC each fell 0.63 %, China Mengniu Dairy slid 0.42 %, China Assets Land retreated 2.63 %, CNOOC superior 0.91 %, CSPC Pharmaceutical sank 1.24 %, Galaxy Leisure shed 1.23 %, Dangle Lung Properties added 0.45 %, Henderson Land eased 0.22 %, Hong Kong & China Fuel rose 0.32 %, Industrial and Business Financial institution of China misplaced 0.89 %, JD.com plunged 4.59 %, Lenovo dropped 1.58 %, Li Auto dipped 0.36 %, Li Ning tanked 4.50 %, Meituan plummeted 4.69 %, New World Growth soared 2.83 %, Nongfu Spring declined 2.41 %, Techtronic Industries skidded 1.65 %, Xiaomi Company tumbled 2.76 % and WuXi Biologics and Haier Sensible Residence had been unchanged.

The lead from Wall Avenue suggests continued consolidation as the key averages opened decrease on Monday and continued to weaken because the day progressed.

The Dow plummeted 890.01 factors or 2.08 % to complete at 41,911.71, whereas the NASDAQ crashed 727.90 factors or 4.00 % to shut at 17,468.32 and the S&P 500 stumbled 155.64 factors or 2.70 % to finish at 5,614.56.

The weak point on Wall Avenue got here amidst rising issues in regards to the outlook for financial development and company earnings after U.S. President Donald Trump declined to rule out the potential for a recession following his tariff actions on Mexico, Canada and China.

With a slew of essential financial knowledge due later within the week, the temper out there is extraordinarily cautious. On faucet are studies on client and producer worth inflation, in addition to readings on client sentiment and inflation expectations.

Oil costs fell to six-month lows on Monday as worries about world financial development and fears of a U.S. recession fueled demand issues. West Texas Intermediate Crude oil futures settled decrease by $1.01 or 1.5 % at $66.03 a barrel, the bottom settlement since September 10, 2024.

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.