Positive - Hong Kong stock market poised for rebound after falling over 3 percent in four days.

From Nasdaq: 2025-03-12 21:14:29

The Hong Kong stock market has fallen over 3 percent in four days, with the Hang Seng Index just above 23,600 points. Positive global market forecasts suggest a rebound, following mixed results in the U.S. and gains in European markets. On Wednesday, the Hang Seng closed lower due to losses in financial, property, and tech sectors. Alibaba Group rose, while Lenovo and New World Development fell. Wall Street ended mixed, with the Dow down but the NASDAQ and S&P 500 up. Inflation data led to optimism about Fed interest rate cuts. Oil prices rose on lower U.S. crude inventories. Hong Kong will release Q4 industrial and producer price figures.



Read more at Nasdaq: Hong Kong Shares Poised To End Losing Streak