Investors eye stock prices on the Shanghai Composite Index. Photo: AFPInvestors eye stock prices on the Shanghai Composite Index. Photo: AFP
Investors eye stock prices on the Shanghai Composite Index. Photo: AFP

Profit-taking shoves Hong Kong, Shanghai shares down by midday, but market on track for sizable weekly gains

“Both the Hong Kong and Shanghai markets are overbought. The A-share market is under profit-taking pressure,” said Ben Kwong Man-bun, a director of KGI Asia

Investors eye stock prices on the Shanghai Composite Index. Photo: AFPInvestors eye stock prices on the Shanghai Composite Index. Photo: AFP
Investors eye stock prices on the Shanghai Composite Index. Photo: AFP
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