PT Rifan Financindo Berjangka - The Hang Seng tumbled 328 points or 1.6% to finish at 19,779 on Wednesday, snapping a six-session of losses and pulling back from a one-month peak amid falls across sectors. Sentiment turned sour after US President Trump said Tuesday that he could impose a 10% tariff on imports of Chinese goods as soon as February.
All sectors fell, with tech sinking 2.6% after Trump announced a private sector investment of up to USD 500 billion to boost AI growth and outpace rival nations. A slight drop in US futures further rattled sentiment while mainland markets ended notably lower after a subdued start to the week.
Helping to limit further weakness were remarks from Chinese Vice Premier Ding Xuexiang at the World Economic Forum in Davos that Beijing will import more and is not seeking a trade surplus. Zengame Tech slipped near 13%, hitting its lowest in two years, on a weak profit forecast. Other notable losers included KE Hlds. (-4.6%), Longfor Group (-3.9%), and Chow Tai Fook Jewellery (-3.7%). PT Rifan Financindo Berjangka.
Source: Trading Economics
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