Hong Kong stock market expected to rise despite recent decline, supported by technology companies.

From Nasdaq: 2024-12-16 20:18:51

The Hong Kong stock market has been in decline, dropping over 600 points in the past two sessions. Despite this, it is expected to open higher on Tuesday with support from technology companies. The Hang Seng Index closed just below 19,800 points on Monday, losing 0.88 percent. The U.S. markets were mixed on Monday, with the NASDAQ hitting a record high. The Federal Reserve is expected to lower interest rates by 25 basis points. Crude oil prices fell amid concerns about demand. Hong Kong will release November unemployment figures today, following a 3.1 percent rate in October.



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