PT Rifan Financindo Berjangka - Hang Seng finished a trading session with little movement on Wednesday, closing around 19,742 following gains in the previous three sessions. Traders digested private survey data revealing an unexpected slowdown in China's services activity last month, despite a series of support measures from Beijing since September. In Hong Kong, private sector activity grew for the second straight month, although at a slower pace.
Market participants cautiously watched political developments in South Korea, where a brief declaration of martial law led to the opposition pushing for the impeachment of President Yoon Suk Yeol.
On the trade front, Beijing announced a ban on rare earth exports to the US in the wake of Washington’s latest crackdown on Chinese chip sector. In the US, Fed Chair Powell will be speaking in New York later today, with monthly jobs data due on Friday. Miniso Group (4.6%) and Trip.Com (2.5%) posted strong gains while Akeso Inc. (-6.4%) and GCL Tech Hlds. (-4.8%) retreated.(Cay) PT Rifan Financindo Berjangka.
Source: Trading Economi
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