Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery

south china morning post2023-10-13

Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BooBoo789
2023-10-13
BooBoo789
Agree
D1234
2023-10-13
D1234
Just hold on to whatever counters you have in hand.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1181060901?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-10-13 10:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1181060901","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery","media":"south china morning post","content":"<div>\n<p>Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","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 Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery</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 Snap Six-Day Winning Streak as Weak China Inflation Reports Undermine Bets on Recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-13 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery><strong>south china morning post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09618","symbol_name":"京东集团-SW","start_time":0,"source_url":"https://www.scmp.com/business/china-business/article/3237771/hong-kong-stocks-snap-six-day-winning-streak-weak-china-inflation-reports-undermine-bets-recovery","article_id":"1181060901","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181060901","pubTimestamp":1697165811,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week,","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"09618":"京东集团-SW","09888":"百度集团-SW","09988":"阿里巴巴-W","HSI":"恒生指数","03690":"美团-W"},"translate_title":"由于疲弱的中国通胀报告削弱了对复苏的押注，港股Snap连续六天上涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03690":1.1,"09618":1.1,"09888":1.1,"09988":1.1,"HSI":1.1},"content_text":"Stock benchmark slips from a five-week high as bullish China bets take a knock following weak reports on producer, consumer prices in ChinaMarket is still on course for a 3 per cent gain for the week, courtesy of a rally in the preceding six days amid speculation on state-fund buyingHong Kong stocks tumbled to snap a six-day winning run after official reports showed producer and consumer prices in mainland China trailed market expectations, reigniting concerns about the nation’s manufacturing and consumption rebound.The Hang Seng Index declined 1.77 per cent to 17,915.67 as of 10.53am local time, trimming the weekly gain to about 3 per cent. The Tech Index dropped 2.87 per cent.Alibaba Group retreated 3.38 per cent to HK$82.95 and rival e-commerce platform operator JD.com slumped 11.38 per cent to HK$104.30. Meituan slipped 3.89 per cent to HK$113.80. Search engine operator Baidu sank 4.94 per cent to HK$125.Producer prices in mainland China dropped 2.5 per cent in September from a year earlier, capping a 12-month slide, the statistics bureau said on Friday. Economists had predicted a 2.4 per cent decline, versus a 3 per cent deflation in August. A separate report showed consumer prices were flat, versus consensus forecasts for a 0.2 per cent increase.Other major Asian markets weakened. South Korea’s Kospi retreated 0.7 per cent and Australia’s S&P/ASX 200 lost 0.3 per cent, while Japan’s Nikkei 225 slipped less than 0.1 per cent.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":229923127759128,"gmtCreate":1697175507472,"gmtModify":1697175512612,"author":{"id":"4105704360483940","authorId":"4105704360483940","name":"BooBoo789","avatar":"https://community-static.tradeup.com/news/88fd31c5b9f173b1fcbdb7059fe3ab29","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0,"idStr":"4105704360483940","authorIdStr":"4105704360483940"},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229923127759128","repostId":1181060901,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":229886384529696,"gmtCreate":1697166501864,"gmtModify":1697166506215,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"htmlText":"Just hold on to whatever counters you have in hand.&nbsp;","listText":"Just hold on to whatever counters you have in hand.&nbsp;","text":"Just hold on to whatever counters you have in hand.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229886384529696","repostId":1181060901,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":8,"commentSize":2,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1181060901"}