Hong Kong Stocks Slip After Surprise Contraction in China’s Factory Activity

South China Morning Post08-01

Hong Kong stocks weakened after a private report showed China’s manufacturing activity unexpectedly contracted in July, reigniting growth concerns. The Federal Reserve’s dovish outlook, after leaving ...

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Comments

  • Dr Rck
    08-01
    Dr Rck
    Non farm payroll in the US has also slipped consecutively since two reports ago, and the need to cut rates to support growth is warranted and timely to execute in Sep if need to by the Fed, but what does it imply economically; couple with contraction in China, how will the stock market perform amid earning reports: some are still pretty strong while others are dwindling like McDonald's and Microsoft's Cloud services. ? Only certain sectors are growing especially AI related industries so overall if not for this industry the whole market may collapse?
  • TigerVision888
    08-01
    TigerVision888
    Very consistent
  • LSLi
    08-01
    LSLi
    Wow
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