PT Rifan Financindo Berjangka - The Hang Seng slipped 193 points or 0.9% to finish at 20,597 on Wednesday, giving up some gains from the previous day as US futures dropped markedly after Google-parent Alphabet reported a revenue miss.
Markets backed away from their near two-month highs, tracking a decline in mainland markets as trading resumed from a Spring Festival break amid a mounting trade row between China and the US. Meanwhile, the White House said that a call between President Trump and Chinese leader Xi Jinping had yet to be scheduled, adding to market uncertainty.
In other news, US Postal Services temporarily suspended inbound packages from China and Hong Kong "until further notice."
Turning to fresh data, the Caixin Services PMI hit a 4-month low in January, in line with official data released last week. Still, the index pared its early losses, on enthusiasm around China's AI company DeepSeek. Some decliners included Nongfu Spring (-6.9%), Trip.com(-6.4%), Li Auto (-4.0%), and Galaxy Ent. (-3.7%). PT Rifan Financindo Berjangka.
Source: Trading Economics
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