PT Rifan Financindo Berjangka - The Hang Seng Index fell 112 points, or 0.6%, to close at 19,753 on Thursday after an upbeat session the previous day, dragged down by broad-based declines across sectors. Investors held off on entering fresh positions after the U.S. Fed cut borrowing costs for the third time this year but warned it would slow the pace of interest rate cuts next year. Meanwhile, traders cautiously awaited China’s key monthly lending rate decision on Friday after hitting a record low in November.
The market pared early losses, on a report that battery maker CATL is considering a second listing in Hong Kong to raise $5 billion, potentially the city’s biggest public offering since early 2021. Separately, meaningful fiscal measures by 2025 from Beijing are expected to help the Chinese economy. Sunac China Hlds. dropped 2.5%, as the property builder began arbitration proceedings against Wanda Group. Other decliners included WH Group Ltd. (-3.8%), Trip.com (-3.1%), Henderson Land Dev. (-2.9%), and MTR Corp. (-2.6%). PT Rifan Financindo Berjangka.
Source: Trading Economics
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