• 6
  • 3
  • Favorite

Hong Kong Stocks Slip After Surprise Contraction in China’s Factory Activity

South China Morning Post08-01

Hong Kong stocks weakened after a private report showed China’s manufacturing activity unexpectedly contracted in July, reigniting growth concerns. The Federal Reserve’s dovish outlook, after leaving ...

Source Link

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.

Report

Comment3

  • Dr Rck
    ·08-01
    Non farm payroll in the US has also slipped consecutively since two reports ago, and the need to cut rates to support growth is warranted and timely to execute in Sep if need to by the Fed, but what does it imply economically; couple with contraction in China, how will the stock market perform amid earning reports: some are still pretty strong while others are dwindling like McDonald's and Microsoft's Cloud services. ? Only certain sectors are growing especially AI related industries so overall if not for this industry the whole market may collapse?
    Reply
    Report
  • Very consistent
    Reply
    Report
  • LSLi
    ·08-01
    Wow
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial