Hong Kong Stocks Extend Losing Streak; Zhongmiao Gains 5% in Debut

MT Newswires Live08-06

Hong Kong stocks wiped gains in the morning session to end lower on Tuesday, as overall sentiment remained cautious amid worries about the health of the world's two biggest economies.

The Hang Seng Index shed 0.31%, or 51.02 points, to finish at 16,647.34. The Hang Seng China Enterprises index lost 0.41%, or 24.03 points, to close at 5,852.61.

Investors in the local equities market became risk-averse due to fears of a US recession and renewed concerns about China's economic recovery.

In corporate news, Zhongmiao Holdings (Qingdao) (HKG:1471) gained on its trading debut. The insurance agency service provider closed at HK$7.35 per share, up 5% from its IPO price of HK$7.

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457150013?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-06 17:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457150013","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Extend Losing Streak; Zhongmiao Gains 5% in Debut","media":"MT Newswires Live","content":"<html><body><p> Hong Kong stocks wiped gains in the morning session to end lower on Tuesday, as overall sentiment remained cautious amid worries about the health of the world's two biggest economies.</p><p>The Hang Seng Index shed 0.31%, or 51.02 points, to finish at 16,647.34. The Hang Seng China Enterprises index lost 0.41%, or 24.03 points, to close at 5,852.61.</p><p>Investors in the local equities market became risk-averse due to fears of a US recession and renewed concerns about China's economic recovery.</p><p>In corporate news, Zhongmiao Holdings (Qingdao) (HKG:1471) gained on its trading debut. The insurance agency service provider closed at HK$7.35 per share, up 5% from its IPO price of HK$7.</p></body></html>","source":"mtnewswires_news","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 Losing Streak; Zhongmiao Gains 5% in Debut</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 Losing Streak; Zhongmiao Gains 5% in Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 17:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks wiped gains in the morning session to end lower on Tuesday, as overall sentiment remained cautious amid worries about the health of the world's two biggest economies.The Hang Seng ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">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":"HSI","symbol_name":"恒生指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2457150013","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457150013","pubTimestamp":1722937535,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong stocks wiped gains in the morning session to end lower on Tuesday, as overall sentiment remained cautious amid worries about the health of the world's two biggest economies.The Hang Seng Index shed 0.31%, or 51.02 points, to finish at 16,647.34. The Hang Seng China Enterprises index lost 0.41%, or 24.03 points, to close at 5,852.61.Investors in the local equities market became risk-averse due to fears of a US recession and renewed concerns about China's economic recovery.In corporate news, Zhongmiao Holdings   gained on its trading debut. The insurance agency service provider closed at HK$7.35 per share, up 5% from its IPO price of HK$7.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"513600":"恒生指数ETF","HSI":"恒生指数","01471":"众淼控股","02833":"恒指ETF"},"translate_title":"港股延续连跌；众淼首秀上涨5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"513600":0.6,"01471":1,"HSI":0.9,"02833":0.6,"HHImain":0.6,"MCHmain":0.6},"content_text":"Hong Kong stocks wiped gains in the morning session to end lower on Tuesday, as overall sentiment remained cautious amid worries about the health of the world's two biggest economies.The Hang Seng Index shed 0.31%, or 51.02 points, to finish at 16,647.34. The Hang Seng China Enterprises index lost 0.41%, or 24.03 points, to close at 5,852.61.Investors in the local equities market became risk-averse due to fears of a US recession and renewed concerns about China's economic recovery.In corporate news, Zhongmiao Holdings (Qingdao) (HKG:1471) gained on its trading debut. The insurance agency service provider closed at HK$7.35 per share, up 5% from its IPO price of HK$7.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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":"4.29.3","shortVersion":"4.29.3","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/2457150013"}