China and Hong Kong stocks fall ahead of key economic data, trade numbers softening

From Business Recorder: 2024-06-24 01:41:18

Mainland China and Hong Kong stocks declined as trade numbers softened stimulus expectations. China and the EU began talks on potential tariffs for Chinese-made electric vehicles. Market valuation reflects weak economy fundamentals. Focus on upcoming economic data like industrial profits and US inflation gauge. Shanghai Composite down 0.7%, CSI300 down 0.16%. H-shares in Hong Kong fell 1.12%. Regional markets mixed with Asia ex-Japan weaker, Nikkei up. Yuan at 7.2616 per US dollar.



Read more at Business Recorder: China, Hong Kong stocks fall ahead of key economic data from home and abroad – Markets