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The Hang Seng has hit a 13-year low
Hong Kong's economy is currently in a technical recession, after seeing two three-month periods in a row of contraction this year.
"The Hang Seng has hit a 13-year low and nothing is really helping the fragile sentiment," Dickie Wong, executive director of Kingston Securities said.
"There's also a sense that tax rebates are not enough to draw foreigners back to Hong Kong," he added.
Traders were also concerned about the Hong Kong government's "unprecedented silence on key economic indicators," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management said.
"The Hang Seng has hit a 13-year low and nothing is really helping the fragile sentiment," Dickie Wong, executive director of Kingston Securities said.
"There's also a sense that tax rebates are not enough to draw foreigners back to Hong Kong," he added.
Traders were also concerned about the Hong Kong government's "unprecedented silence on key economic indicators," Kelvin Tay, regional chief investment officer at UBS Global Wealth Management said.
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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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Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
MonkeyGee : is this the flush before the pop
一切由市场说了算 : We're also too embarrassed to talk too much; it's up to God to decide
divinepapa MonkeyGee : Likely trend submerge further seh
reserved Cheetah_041 : How old are you. You seems very young Spinee
Spinee OP MonkeyGee : we dont know![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Spinee OP reserved Cheetah_041 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
reserved Cheetah_041 Spinee OP : You are very smart for your long look tthat's why I asked you how old you are
Spinee OP reserved Cheetah_041 : Thank you. But I don't want to reveal my age yet![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
reserved Cheetah_041 Spinee OP : Where are you located?