2.3% Hang Seng Index drop over two sessions, following global economic concerns and expected US recession.
Hong Kong's Hang Seng Index fell 2.3% over two consecutive sessions, closing at 16,945.51 and is expected to open in the red on Monday. The decline follows global economic concerns, including a potential US recession and an economic slowdown in the US. The Asian markets are expected to experience similar losses. Crude oil prices dropped to a two-month low due to concerns about demand slowing in the US.
August 05, 2024
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