Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent and JD.com, as well as Chinese economic data for November. The Hang Seng Index fell 0.1% to 26,888.09 as of 10:06 a.m. local time, with the Hang Seng Tech Index down 0.7%. In mainland China, the CSI 300 Index and the Shanghai Composite Index posted slight gains of 0.4% and 0.2%, respectively.
Tencent shares fell 0.8% to HK$652, with the report expected to show profit growth slowing to 5% in the third quarter of 2025, compared with the previous quarter. Meanwhile, JD.com fell 2.2% to HK$122, and Alibaba Group also fell 1.7% to HK$154.10. Earnings from Tencent and JD.com are expected to be released after the market closes on Thursday, adding to the uncertainty in the Hong Kong stock market.
Economic data due on Friday is also expected to be disappointing. Economists predict that retail sales and industrial production in China are likely to slow in November, while fixed asset investment growth is expected to stagnate. Given this uncertainty, many investors in the Asia-Pacific region are opting for caution. Several other indices, such as Japan's Nikkei 225 and South Korea's Kospi, recorded small gains, while Australia's S&P/ASX 200 fell 1.1%. (az)
Source: Newsmaker.id
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