Hong Kong stocks retreat with property groups under pressure while oil producers advance

//Hong Kong stocks retreat with property groups under pressure while oil producers advance

Hong Kong stocks retreat with property groups under pressure while oil producers advance

Hong Kong stocks declined, keeping the benchmark index at one-year low as property stocks weakened before a policy address that is likely to target the city’s housing crisis. Oil producers jumped as crude traded near a three-year high.The Hang Seng Index lost 0.5 per cent to 23,992.99 at the local noon break. The Hang Seng Tech Index dropped 0.8 per cent, pummelled by a more than 3.8 per cent decline in Ping An Healthcare and JD Health. Markets in mainland China are closed for a holiday.Country…

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By | 2021-10-06T02:44:30+00:00 October 6th, 2021|Business|Comments Off on Hong Kong stocks retreat with property groups under pressure while oil producers advance