In Focus
MARKETS & INVESTING | Staff Reporter, Hong Kong

Bleak US employment data to push Hong Kong stocks down

Losses are forecast amidst renewed fears of a US recession.

A Reuters report said, “Stocks that led the rebound on the Hang Seng Index last week could see the biggest losses on the day, with financials and exporters likely to be harder hit.”

Aside from focusing on the United States’ employment data, investors are said to be concerned as well with China's inflation figures for August.

The report noted, “The Hang Seng ended down 1.8 percent on Friday at 20,212.9 points, snapping a four-day winning streak after the short-covering rally ran into stiff resistance at 21,000, a level seen capping gains in the near term.”

View the report here.

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