Hong Kong stock market ended lower as Hang Seng Index closed at 20,538.38, influenced by U.S. election

From Nasdaq: 2025-06-29 21:18:00

The Hong Kong stock market ended lower after a three-day winning streak, with the Hang Seng Index closing at 20,538.38. Major sectors like technology and property saw losses. The positive global market outlook was influenced by the U.S. presidential election results. Wall Street closed higher, with the Dow up 3.57 percent, NASDAQ up 2.95 percent, and S&P 500 up 2.53 percent. Former President Trump’s victory in the election eliminated uncertainty. Oil prices fell due to higher U.S. crude inventories and a strong dollar. The Federal Reserve is expected to announce a rate cut today.



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