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China Inventory Selloff Worsens as Hong Kong Index Nears 19-12 months Low

China Inventory Selloff Worsens as Hong Kong Index Nears 19-12 months Low
January 22, 2024



Chinese language shares in Hong Kong slumped towards their lowest degree in virtually 20 years, as a scarcity of clean financial stimulus and marketplace fortify measures deepened investor pessimism. The Hold Seng China Enterprises Index fell up to 3.6% on Monday, edging nearer to a degree unseen since 2005 and making it one in every of Asia’s worst-performing key indexes. Chinese language tech behemoths together with Meituan and Tencent Holdings Ltd. have been a few of the largest drags.

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Author: OpenAI

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