PT Rifan Financindo Berjangka - The Hang Seng fell 79 points, or 0.4%, to close at 19,151 on Monday, marking its third session of declines and holding at a two-month low amid losses across most sectors. Traders remained reluctant to enter fresh positions as markets in China extended their decline to a three-week low, with the Biden administration set to announce new export curbs on China this week.
The new regulations could add up to 200 Chinese chip companies to the list of trade restrictions. Meanwhile, concerns about a weak recovery in China resurfaced ahead of official PMI and industrial earnings data this week. Capping the bearish mood was a report that China and Germany were close to reaching a solution on tariffs on Chinese EV imports into the bloc. Meanwhile, U.S. futures rose, with investors expecting Trump’s pick for Treasury Secretary, Scott Bessent, to focus on economic and market stability. Among the big-cap losers were KE Holdings (-5.6%), Meituan (-2.7%), Sands China (-2.6%), and Tencent Hlds. (-1.5%). PT Rifan Financindo Berjangka.
Source: Trading Economics
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