(RTTNews) – The Hong Kong inventory market has moved decrease in three consecutive classes, stumbling virtually 700 factors or 2.7 p.c alongside the best way. The Dangle Seng Index now rests simply above the 19,700-point plateau and it is anticipated to increase its losses once more on Wednesday.
The worldwide forecast for the Asian markets is comfortable forward of the FOMC’s rate of interest determination later immediately. The European and U.S. markets had been principally decrease and the Asian bourses are anticipated to open in comparable style, though cut price looking might take maintain later within the day.
The Dangle Seng completed modestly decrease on Tuesday following losses from the monetary shares, property shares and know-how firms.
For the day, the index misplaced 95.01 factors or 0.48 p.c to complete at 19,700.48 after buying and selling between 19,620.63 and 19,930.83.
Among the many actives, Alibaba Group and CITIC each slumped 1.13 p.c, whereas Alibaba Well being Data tanked 2.27 p.c, ANTA Sports activities dropped 0.80 p.c, China Life Insurance coverage slid 0.41 p.c, China Mengniu Dairy eased 0.11 p.c, China Assets Land skidded 1.09 p.c, CNOOC jumped 1.68 p.c, Galaxy Leisure stumbled 1.30 p.c, Haier Good Residence sank 0.74 p.c, Dangle Lung Properties retreated 1.27 p.c, Henderson Land surrendered 1.44 p.c, Industrial and Industrial Financial institution of China dipped 0.21 p.c, JD.com declined 1.25 p.c, Lenovo shed 0.65 p.c, Li Auto slipped 0.23 p.c, Li Ning superior 0.84 p.c, Meituan misplaced 0.63 p.c, New World Improvement weakened 1.22 p.c, Nongfu Spring fell 0.42 p.c, Techtronic Industries plunged 2.44 p.c, Xiaomi Company tumbled 1.32 p.c, WuXi Biologics plummeted 2.55 p.c and CSPC Pharmaceutical and Hong Kong & China Fuel had been unchanged.
The lead from Wall Avenue is weak as the most important averages opened decrease on Tuesday and remained within the pink all through the buying and selling day.
The Dow tumbled 267.58 factors or 0.61 p.c to complete at 43,449.90, whereas the NASDAQ sank 64.83 factors or 0.32 p.c to shut at 20,109.06 and the S&P 500 misplaced 23.47 factors or 0.39 p.c to finish at 6,050.61.
The weak spot on Wall Avenue mirrored a pullback by know-how shares, which had led the best way increased within the earlier session – notably among the many networking and semiconductor shares. Telecom, monetary, housing and metal shares additionally moved to the draw back.
In the meantime, merchants continued to look forward to the Federal Reserve’s extremely anticipated financial coverage announcement later immediately. Whereas the Fed is broadly anticipated to decrease charges by one other quarter-point, merchants can pay shut consideration to the Fed’s assertion and newest financial projections, together with their forecasts for charges.
Oil costs fell on Tuesday amid considerations in regards to the outlook for international demand, and attainable extra provide out there subsequent 12 months. West Texas Intermediate crude oil futures for January ended down $0.63 or 0.9 p.c at $70.08 a barrel.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
