Hong Kong Shares Rise; China Macro Data in Focus -- Market Talk

Dow Jones10-18

0147 GMT - Hong Kong's Hang Seng Index rises 0.7% to 20221.60, erasing losses at the open. Markets are eyeing China's 3Q GDP data due today, as well as monthly retail sales and industrial output numbers, the UOB Global Economics & Markets Research team writes in a note. Investors expect growth to moderate, UOB adds. BYD Electronic International and Lenovo Group each gain 3.5%, while China Resources Beer rises 3.1%. Among decliners, JD.com falls 1.6%, China Overseas Land & Investment loses 1.0% and WH Group is 0.5% lower. The Hang Seng Tech Index is 0.7% higher at 4379.26. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

October 17, 2024 21:47 ET (01:47 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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