Hong Kong Stocks Hit One-Month Low on Global Uncertainty

MT Newswires Live09-11

Hong Kong Stocks Hit One-Month Low on Global Uncertainty Hong Kong shares continued their downward spiral on Wednesday, hitting an over one-month low as investors grapple with growing concerns over a ...

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The Hang Seng China Enterprises Index fell by 0.73%, or 43.79 points, to 5,982.55.Contributing to the market's slump were declining oil prices, increasing geopolitical tensions, and the upcoming US presidential election. The recent release of Hong Kong's business sentiment survey also indicated a decline in confidence among small and medium-sized enterprises.Globally, Fitch Ratings projected slower fiscal consolidation in the Asia-Pacific region, with rising government debt levels. China, meanwhile, has opposed a US bill imposing sanctions on Chinese biotech companies, further escalating tensions between the two nations.In corporate news, Homeland Interactive Technology (HKG:3798) granted 22,446,201 award shares to selected participants under its share award scheme. 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