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-香港股市在早盘交易中下跌，追踪隔夜美国市场的跌幅。基准测试$恒生指数(800000.HK)$尾盘跌0.2%，报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.
消费品公司在最近几个交易日一直在走高，它们引领了经济低迷。餐厅经营者海底捞(06862.HK)$下跌3.5%，$中国啤酒(00291.HK)$小幅下跌0.8%。但凯基证券(KGI Securities)认为，中国股市的下行空间有限，因为考虑到资金通过港股通持续流入A股，投资者对中国股市的信心似乎很高。
(yifan.wang@wsj.com)
(yifan.wang@wsj.com)