Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sector.
Hong Kong's Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sector.
The benchmark index's loss of over 500 points is a significant decline, Everbright Securities' Kenny Ng said. Ng highlighted how property stocks were among the largest decliners Tuesday, given the high-interest environment.dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index's loss of over 500 points is a significant decline, Everbright Securities' Kenny Ng told CNBC via e-mail.
"On one hand, this was driven by profit-taking following a 400-point rise last Friday," the securities strategist explained."Additionally, theGet San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.Ng highlighted how property stocks were among the largest decliners Tuesday, given the high-interest environment.
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