Hong Kong stock market declined on Thursday but expected to rebound on positive global cues.

The Hong Kong stock market saw a modest decline on Thursday, with the Hang Seng Index dropping 0.63 percent to close at 24,069.94. The market is expected to find support on Friday following positive global cues. Financials led the losses, while technology and property stocks had mixed performances. The global forecast for Asian markets is positive on the back of better-than-expected U.S. employment data. On Wall Street, major averages closed higher on Thursday ahead of the July 4 holiday, after the Labor Department reported a higher-than-expected increase in U.S. employment for June. Crude oil prices settled lower due to excess U.S. inventories and upcoming OPEC+ meeting concerns, closing at $67 per barrel.

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