Hong Kong Stocks Fall on Weak China Data; Alibaba and Tencent Lead Losses

South China Morning Post09-16

Hong Kong stocks dropped to near a one-month low as China’s lacklustre economic data triggered a sell-off, while the US Federal Reserve’s imminent easing cycle helped limit losses.The Hang Seng Index ...

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Cosmograph
09-16
Cosmograph
Simple, so bad why need to talk so much? Ang mo bs everyday standard talk, how come tencent no fall to $200 huh? So bad mah... Baba should also be $60 but it's not... What weak chinese data? Please substantiate with FACTS. Oh sorry Western news data is sorely lacking that.
- Kitc15:
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Ang mo bs everyday standard talk, how come tencent no fall to $200 huh? So bad mah... Baba should also be $60 but it's not... What weak chinese data? Please substantiate with FACTS. Oh sorry Western news data is sorely&nbsp;lacking that.","listText":"Simple, so bad why need to talk so much? Ang mo bs everyday standard talk, how come tencent no fall to $200 huh? So bad mah... Baba should also be $60 but it's not... What weak chinese data? Please substantiate with FACTS. Oh sorry Western news data is sorely&nbsp;lacking that.","text":"Simple, so bad why need to talk so much? Ang mo bs everyday standard talk, how come tencent no fall to $200 huh? So bad mah... Baba should also be $60 but it's not... What weak chinese data? Please substantiate with FACTS. Oh sorry Western news data is sorely lacking that.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349894568120584","repostId":1168775344,"repostType":4,"repost":{"id":"1168775344","pubTimestamp":1726454391,"share":"https://ttm.financial/m/news/1168775344?lang=&edition=fundamental","pubTime":"2024-09-16 10:39","market":"hk","language":"en","title":"Hong Kong Stocks Fall on Weak China Data; Alibaba and Tencent Lead Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=1168775344","media":"South China Morning Post","summary":"Hong Kong stocks dropped to near a one-month low as China’s lacklustre economic data triggered a sell-off, while the US Federal Reserve’s imminent easing cycle helped limit losses.The Hang Seng Index lost 0.6 per cent to 17,256.80 as of 10:40am local time, while the Tech Index declined 0.9 per cent. Mainland markets are closed through Tuesday for a holiday.E-commerce company Alibaba Group Holding lost 1.3 per cent to HK$81.6, rival JD.com dropped 2.6 per cent to HK$101.60, while Tencent weakened","content":"<html><head></head><body><p>Hong Kong stocks dropped to near a one-month low as China’s lacklustre economic data triggered a sell-off, while the US Federal Reserve’s imminent easing cycle helped limit losses.</p><p style=\"text-align: start;\">The Hang Seng Index lost 0.6 per cent to 17,256.80 as of 10:40am local time, while the Tech Index declined 0.9 per cent. Mainland markets are closed through Tuesday for a holiday.</p><p>E-commerce company Alibaba Group Holding lost 1.3 per cent to HK$81.6, rival JD.com dropped 2.6 per cent to HK$101.60, while Tencent weakened 0.5 per cent to HK$372.80. EV giant BYD slipped 0.6 per cent to HK$238.40, while developer China Resources Land tumbled 5 per cent to HK$18.62.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4b68d61accaa91e0d571a2c4d4ddcd8c\" tg-width=\"291\" tg-height=\"837\"/></p><p>Chinese industrial production, retail sales and fixed asset investment all fell short of expectations for August, while home prices reported their steepest annual decline in nine years. Meanwhile, August credit growth also eased, led by a sustained decline in demand among households and companies.</p><p style=\"text-align: start;\">The data “amplify the concerns of further deterioration in growth momentum and confidence and risks of a liquidity trap,” analysts at Barclays said in a note over the weekend.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Fall on Weak China Data; Alibaba and Tencent Lead Losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Fall on Weak China Data; Alibaba and Tencent Lead Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/markets/article/3278646/hong-kong-stocks-fall-weak-china-data-alibaba-and-tencent-lead-losses?module=top_story&pgtype=subsection><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks dropped to near a one-month low as China’s lacklustre economic data triggered a sell-off, while the US Federal Reserve’s imminent easing cycle helped limit losses.The Hang Seng Index ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3278646/hong-kong-stocks-fall-weak-china-data-alibaba-and-tencent-lead-losses?module=top_story&pgtype=subsection\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","09618":"京东集团-SW","00700":"腾讯控股"},"source_url":"https://www.scmp.com/business/markets/article/3278646/hong-kong-stocks-fall-weak-china-data-alibaba-and-tencent-lead-losses?module=top_story&pgtype=subsection","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168775344","content_text":"Hong Kong stocks dropped to near a one-month low as China’s lacklustre economic data triggered a sell-off, while the US Federal Reserve’s imminent easing cycle helped limit losses.The Hang Seng Index lost 0.6 per cent to 17,256.80 as of 10:40am local time, while the Tech Index declined 0.9 per cent. Mainland markets are closed through Tuesday for a holiday.E-commerce company Alibaba Group Holding lost 1.3 per cent to HK$81.6, rival JD.com dropped 2.6 per cent to HK$101.60, while Tencent weakened 0.5 per cent to HK$372.80. EV giant BYD slipped 0.6 per cent to HK$238.40, while developer China Resources Land tumbled 5 per cent to HK$18.62.Chinese industrial production, retail sales and fixed asset investment all fell short of expectations for August, while home prices reported their steepest annual decline in nine years. 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