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"Panic selling is ridiculous"
Shares in Hong Kong have slumped to the lowest level. The benchmark Hang Seng index fell by more than 3% to its lowest level since May 2009, before regaining some ground.
Investors are also concerned about the threat of a global economic slowdown as central banks around the world raise interest rates to tackle rising prices.
One financial expert told the BBC that the "panic selling is ridiculous".
In his first policy address that Hong Kong's chief executive John Lee announced measures to boost security and plans to attract more overseas talent to the territory.
However, he did not elaborate on economic targets for the city.
Investors are also concerned about the threat of a global economic slowdown as central banks around the world raise interest rates to tackle rising prices.
One financial expert told the BBC that the "panic selling is ridiculous".
In his first policy address that Hong Kong's chief executive John Lee announced measures to boost security and plans to attract more overseas talent to the territory.
However, he did not elaborate on economic targets for the city.
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Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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HopelessChi : nothing to do with HK. they are plagued with china. China at its worst. loyalty hence the result of the collapsed market should be deserving for them.
一切由市场说了算 : Sensible people all know why, so stop deceiving yourself.
71231045 : The person who tricks others into buying is either stupid or bad.
Giovanni Ayala : I believe that's happening because of The many RealEstate projects they have that are unfinished I'm Generally speaking not only for this stock but Equitys And other Bonds
whqqq Giovanni Ayala : I saw the news that realestate is also falling today
whqqq 一切由市场说了算 : Why? May I ask?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
whqqq HopelessChi : What is the specific reason for the fall today?
HopelessChi whqqq : the new setup of PSC was all loyalty to XJP. afraid no one will say no and entail one man rule sending the market in shock coupled with lockdowns still. today could mark the last era of Chinese stock. over the weeks, the index could be halved. I hope I am wrong but...
Giovanni Ayala whqqq : Unfinished Projects in General not just of Today's ??
一切由市场说了算 whqqq : The policy orientation is not market-oriented, so the current Hong Kong is not the Hong Kong it used to be, it's not good anymore
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