Rebound Anticipated For Hong Kong Stock Market

From Nasdaq: 2025-06-08 21:15:00

The Hong Kong stock market ended a three-day winning streak, with the Hang Seng Index closing just above 23,790 points on Friday. Global markets are positive following upbeat US employment data. On Friday, the Hang Seng fell 0.48%, with losses in financial, oil, and tech stocks. Alibaba Group was down 1.44%, while CSPC Pharmaceutical jumped 12.72%. US markets surged on Friday, with the Dow up 1.05%, NASDAQ up 1.20%, and S&P 500 up 1.03%. Non-farm payroll employment in the US rose by 139,000 jobs in May, slightly beating expectations. Crude oil prices rose on Friday in response to the better-than-expected jobs data.



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