Hong Kong stocks opened lower on Friday as investors remained cautious despite easing expectations for a Federal Reserve rate hike.
The Hang Seng Index fell 0.7%, or 177.36 points, to 25,219.15, while the Hang Seng China Enterprises Index dropped 0.6%, or 50.02 points, to 8,376.47.
Wall Street ended higher overnight after U.S. producer prices were unchanged in July, reinforcing expectations that the Federal Reserve could keep interest rates steady next month.
Oil prices fell more than 2% as rising U.S. crude inventories and weaker global demand forecasts outweighed lingering geopolitical concerns.
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