Hang Seng Ends Lower Amid Global Trade Jitters
Investor sentiment remained cautious as markets awaited potential new US tariffs, with analysts warning that heightened geopolitical tension could further pressure regional equities. The technology and export-heavy sectors were among the hardest hit, dragging the index lower.
While Chinese A-shares edged higher by 0.3% to 0.4% amid hopes of domestic stimulus, Hong Kong stocks underperformed, reflecting local economic fragility and external risks. Tech giants such as Alibaba Group Holding Ltd and JD.com Inc posted notable losses, contributing to the market's decline.
Adding to investor unease was stronger-than-expected US jobs data, which dented hopes for a near-term interest rate cut by the Federal Reserve. The robust labour figures pushed Treasury yields higher and triggered a pullback in risk assets across global markets.
The Hang Seng's loss on July 4 followed a broader weekly decline of 1.5%, underscoring growing investor caution heading into the second half of the year.
With global trade policies and monetary decisions in flux, analysts expect continued volatility in the Hong Kong market in the coming days. However, hopes for targeted stimulus in mainland China may offer some support.
Bottomline: Hong Kong equities ended lower amid global trade uncertainty and strong US economic data, as investors weighed external risks against potential regional policy support. Related
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