The Hong Kong stock market has dropped more than 550 points in three consecutive sessions, with the Hang Seng Index hovering just below 25,060 points. Global markets are optimistic about interest rates, with European and U.S. markets up. On Thursday, the Hang Seng fell over 1% due to losses in financial, property, and tech sectors. Key companies like Alibaba Group and CNOOC saw declines, while others like Alibaba Health Info and Meituan gained. Wall Street closed higher on Thursday, boosted by positive economic data despite weaker private sector job growth and an increase in U.S. unemployment claims. Crude oil prices fell on oversupply concerns as OPEC plans to increase output.

Read more at Nasdaq: Hang Seng Tipped To End Losing Streak