Hong Kong Stocks Extend Declines Ahead of China Inflation Report

South China Morning Post07-09

Hong Kong stocks extended falls as investors became jittery before the release of China’s inflation report which could indicate sluggish domestic demand, amid concerns factory gate deflation may ...

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Toby_Chua
07-09
Toby_Chua
Japan high will be China and Hong Kong low due to diversion of funds

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}\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 Extend Declines Ahead of China Inflation Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-09 10:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3269687/hong-kong-stocks-extend-declines-ahead-china-inflation-report?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 extended falls as investors became jittery before the release of China’s inflation report which could indicate sluggish domestic demand, amid concerns factory gate deflation may ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3269687/hong-kong-stocks-extend-declines-ahead-china-inflation-report?module=top_story&pgtype=subsection\">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":"03690","symbol_name":"美团-W","start_time":0,"source_url":"https://www.scmp.com/business/china-business/article/3269687/hong-kong-stocks-extend-declines-ahead-china-inflation-report?module=top_story&pgtype=subsection","article_id":"1189396747","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189396747","pubTimestamp":1720493838,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks extended falls as investors became jittery before the release of China’s inflation report which could indicate sluggish domestic demand, amid concerns factory gate deflation may remai","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03690":"美团-W","02020":"安踏体育","02319":"蒙牛乳业","00700":"腾讯控股"},"translate_title":"中国通胀报告公布前港股延续跌势","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1.1,"02020":1.1,"02319":1.1,"03690":1.1},"content_text":"Hong Kong stocks extended falls as investors became jittery before the release of China’s inflation report which could indicate sluggish domestic demand, amid concerns factory gate deflation may remain entrenched.The Hang Seng Index fell 0.6 per cent to 17,414.27 as of 11:01am local time. The Hang Seng Tech Index also dropped 0.33 per cent.Consumer prices probably rose 0.4 per cent from a year earlier in June, accelerating from a 0.3 per cent gain for the previous month, according to a consensus estimate of the economists tracked by Bloomberg. Producer prices may have dropped 0.8 per cent for a 21st straight month of declines, the consensus estimated. China’s central bank may also release the June data on money supply as early as Tuesday.“Chinese stocks continue to demonstrate cautious sentiment, with both the Hang Seng Index and mainland index taking a back foot again, highlighting the prevailing unease ahead of the crucial inflation reading,” said Hebe Chan, Melbourne-based market analyst with IG International.Meituan led the pack of the decliners on the broader market, falling 3.2 per cent to HK$113.30. Mengniu Dairy dropped 2.9 per cent to HK$13.36 and Anta Sports retreated 2.7 per cent to HK$69.40.Three companies started trading in Hong Kong and the mainland. Fangzhou, an online chronic disease management platform, slumped 43 per cent from its offer price to HK$4.65, while Baiwang, which offers enterprise digitalisation solutions, dropped 1.7 per cent to HK$35.35. China Shenzhen International Warehouse Logistics Closed-end Infrastructure Fund, a real-estate investment trust, fell 2.7 per cent to 2.422 yuan in its Shenzhen debut.Other major Asian markets were mostly higher. 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The Hang Seng Tech Index also dropped 0.33 per cent.</p><p>Consumer prices probably rose 0.4 per cent from a year earlier in June, accelerating from a 0.3 per cent gain for the previous month, according to a consensus estimate of the economists tracked by Bloomberg. Producer prices may have dropped 0.8 per cent for a 21st straight month of declines, the consensus estimated. China’s central bank may also release the June data on money supply as early as Tuesday.</p><p>“Chinese stocks continue to demonstrate cautious sentiment, with both the Hang Seng Index and mainland index taking a back foot again, highlighting the prevailing unease ahead of the crucial inflation reading,” said Hebe Chan, Melbourne-based market analyst with IG International.</p><p>Meituan led the pack of the decliners on the broader market, falling 3.2 per cent to HK$113.30. Mengniu Dairy dropped 2.9 per cent to HK$13.36 and Anta Sports retreated 2.7 per cent to HK$69.40.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3bd185a07787d4be4b5cc73c680eb4a1\" tg-width=\"273\" tg-height=\"871\"/></p><p>Three companies started trading in Hong Kong and the mainland. Fangzhou, an online chronic disease management platform, slumped 43 per cent from its offer price to HK$4.65, while Baiwang, which offers enterprise digitalisation solutions, dropped 1.7 per cent to HK$35.35. China Shenzhen International Warehouse Logistics Closed-end Infrastructure Fund, a real-estate investment trust, fell 2.7 per cent to 2.422 yuan in its Shenzhen debut.</p><p>Other major Asian markets were mostly higher. Japan’s Nikkei 225 climbed 1.1 per cent and Australia’s S&amp;P/ASX 200 added 0.8 per cent, while South Korea’s Kospi was little changed.</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 Extend Declines Ahead of China Inflation Report</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 Extend Declines Ahead of China Inflation Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-09 10:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3269687/hong-kong-stocks-extend-declines-ahead-china-inflation-report?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 extended falls as investors became jittery before the release of China’s inflation report which could indicate sluggish domestic demand, amid concerns factory gate deflation may ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3269687/hong-kong-stocks-extend-declines-ahead-china-inflation-report?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":{"03690":"美团-W","02020":"安踏体育","02319":"蒙牛乳业","00700":"腾讯控股"},"source_url":"https://www.scmp.com/business/china-business/article/3269687/hong-kong-stocks-extend-declines-ahead-china-inflation-report?module=top_story&pgtype=subsection","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189396747","content_text":"Hong Kong stocks extended falls as investors became jittery before the release of China’s inflation report which could indicate sluggish domestic demand, amid concerns factory gate deflation may remain entrenched.The Hang Seng Index fell 0.6 per cent to 17,414.27 as of 11:01am local time. The Hang Seng Tech Index also dropped 0.33 per cent.Consumer prices probably rose 0.4 per cent from a year earlier in June, accelerating from a 0.3 per cent gain for the previous month, according to a consensus estimate of the economists tracked by Bloomberg. Producer prices may have dropped 0.8 per cent for a 21st straight month of declines, the consensus estimated. China’s central bank may also release the June data on money supply as early as Tuesday.“Chinese stocks continue to demonstrate cautious sentiment, with both the Hang Seng Index and mainland index taking a back foot again, highlighting the prevailing unease ahead of the crucial inflation reading,” said Hebe Chan, Melbourne-based market analyst with IG International.Meituan led the pack of the decliners on the broader market, falling 3.2 per cent to HK$113.30. Mengniu Dairy dropped 2.9 per cent to HK$13.36 and Anta Sports retreated 2.7 per cent to HK$69.40.Three companies started trading in Hong Kong and the mainland. Fangzhou, an online chronic disease management platform, slumped 43 per cent from its offer price to HK$4.65, while Baiwang, which offers enterprise digitalisation solutions, dropped 1.7 per cent to HK$35.35. China Shenzhen International Warehouse Logistics Closed-end Infrastructure Fund, a real-estate investment trust, fell 2.7 per cent to 2.422 yuan in its Shenzhen debut.Other major Asian markets were mostly higher. Japan’s Nikkei 225 climbed 1.1 per cent and Australia’s S&P/ASX 200 added 0.8 per cent, while South Korea’s Kospi was little changed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":1,"repostSize":0,"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":"4.26.3","shortVersion":"4.26.3","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/1189396747"}