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Hong Kong stocks tumble as China announces further Covid easing, trade data disappoints
Hong Kong stocks saw sharp declines, leading losses in the Asia-Pacific after China announced further easing of Covid measures, a move that was widely expected. Airline stocks maintained some gains, while casinos and technology-related stocks fell into negative territory shortly after the announcement.
The nation's trade data for November came in lower than expected, according to customs data.
$Hang Seng Index (800000.HK)$ was 3.22% lower at 18,814.82, and $Hang Seng TECH Index (800700.HK)$ fell 3.77%. In mainland China, $Shenzhen Component Index (399001.SZ)$ the Shenzhen Component was up 0.175% at 11,418.76 while the $SSE Composite Index (800146.HK)$ slipped 0.4% to 3,199.62.
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Winner takes all : does this make sense to you? stock tumbled on China opening news?
让子弹飞（SG) : If trade is bad, policies will support and promote trade. Increased trade favors shipping $COSCO SHIP HOLD (01919.HK)$
Spinee OP 让子弹飞（SG) :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Thank you for your comment.
Ren8888 Winner takes all : Didn't you notice that the Hang Seng Index was all posted by a few of them?
whqqq Winner takes all : Are you bullish or bearish, may i ask?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Winner takes all whqqq : totally bullish, but you need hold firm, the selling pressure also alot above.
whqqq Winner takes all : OK Thank you for your reply. I will continue to observe.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")