HK stocks join region in doldrums amid tech worries
Regional stocks came under pressure at the start of the week amid fears that artificial intelligence-related shares would come under pressure ahead of Nvidia earnings later in the week. In Hong Kong, the Hang Seng Index opened down 229 points, or 0.88 percent, at 25,780 before its losses deepened to put the benchmark 501 points, or 1.93 percent, lower at 25,508 in early trading. The China…
Hong Kong's stock market joined the regional downtrend on Monday due to concerns over artificial intelligence-related shares before Nvidia's earnings report. The Hang Seng Index started the week at 25,780 points, falling by 0.88 percent to 25,508 points in early trading. The China enterprises index and the tech index also saw declines, opening at 8,549 points and 4,713 points, respectively, and ending the day down by 0.98 percent and 1.11 percent.
Meanwhile, the Shanghai Composite Index began at 3,902 points, slipping further to 13,827 points, a loss of 1.89 percent. The Shenzhen Component Index opened at 14,118 points but ended the day 1.89 percent lower at 13,827 points. The ChiNext Index started the day at 3,550 points, closing 2.99 percent lower at 3,439 points. In Tokyo, the Nikkei Index began at 65,977 points, ending the day down by 0.28 percent.
In Seoul, the Kospi Index started the day at 6,881 points, dropping by 0.46 percent to 6,735 points at one point.
Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
