Hong Kong stocks fell 53 points, or 0.2%, to 25,416 in Thursday morning trading, reversing the previous session's gains after Wall Street closed significantly lower overnight due to lingering concerns over AI valuations and caution ahead of November inflation data. Caution is also growing ahead of policy meetings by several central banks in Europe and Asia scheduled for today and Friday. Meanwhile, mainland Chinese stocks were sluggish after Wednesday's rally, with investors awaiting China's foreign direct investment figures for the first 11 months, expected to be released today. From January to October, FDI fell 10.3% year-on-year, extending a 2.5-year decline amid external and domestic pressures. In Hong Kong, November inflation data will be released next week, after October's rise to a four-month high of 1.2%. Technology and consumer discretionary stocks dragged the market, while modest gains in the financial sector helped limit losses. Significant decliners included Xiaomi Corp. (-2.6%), Pop Mart Intl. (-2.4%), Chow Tai Fook Jewellery (-2.2%), and XPeng (-2.1%). (asd)
Source: Newsmaker.id
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