Hong Kong stocks decline; downside looks limited
Hong Kong stocks decline; downside looks limited
0201 GMT - Hong Kong stocks are down in morning trade, tracking losses in the U.S. market overnight. The benchmark $Hang Seng Index(800000.HK)$ is down 0.2% at 24200.50.
0201GMT-香港股市在早盤交易中下跌，追蹤隔夜美國市場的跌幅。基準測試$恆生指數(800000.HK)$尾盤跌0.2%，報24200.50。
Consumer goods companies, which have been tracking higher in recent sessions, lead the downturn. Restaurant operator $Haidilao International Holding(06862.HK)$ sheds 3.5% and $CHINA RES BEER(00291.HK)$ edges down by 0.8%. But KGI Securities reckons the market's downside is limited, as investor confidence in Chinese stocks looks high given continued fund flows into A-shares through Hong Kong Stock Connect.
消費品公司在最近幾個交易日一直在走高，它們引領了經濟低迷。餐廳經營者海底撈(06862.HK)$下跌3.5%，$中國啤酒(00291.HK)$小幅下跌0.8%。但凱基證券(KGI Securities)認為，中國股市的下行空間有限，因為考慮到資金通過港股通持續流入A股，投資者對中國股市的信心似乎很高。
(yifan.wang@wsj.com)
(yifan.wang@wsj.com)
