share_log

Hong Kong stocks decline; downside looks limited

Dow Jones Newswires ·  Dec 10, 2021 10:33  · Markets

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. 

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. 

(yifan.wang@wsj.com)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment