Hong Kong Stocks face Decline due to US Treasury Yield Surge and China Property Concerns
Thursday, 30 May 2024, 02:54
Analysis:
Hong Kong stocks encountered a further decline amidst concerns related to the surge in US Treasury yields and the uncertainties surrounding China's property market.
Insights:
The increasing US Treasury yields had a diminishing effect on the appeal of equities, resulting in continued losses for the Hong Kong market.
Conclusion:
Investors were rattled by the combination of rising yields and worries about the Chinese property sector, leading to a prolonged losing streak for Hong Kong stocks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.