Negative: Hong Kong stock market closed lower for second day, global markets also negative

The Hong Kong stock market closed lower for the second consecutive day, dropping over 320 points. The Hang Seng Index is just above 17,310 points and is expected to open lower on Thursday. Global markets are negative due to disappointing earnings and data. The index fell 0.91% to 17,311.05 on Wednesday, with losses in property and tech stocks offset by gains in the financial sector. Wall Street also saw a sharp decline, with the Dow falling 1.25%, NASDAQ dropping 3.64%, and S&P 500 tumbling 2.31%. New home sales in the U.S. decreased in June, while oil prices rose after a drop in inventories. Hong Kong will release June trade data today.

Read more at Nasdaq: Losing Streak May Continue For Hong Kong Stock Market