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Hong Kong stocks fall to eight-week low as investors resort to profit-taking after early gains

  • Only a handful of blue chips buck the trend

  • Prudential Brokerage sees further downside pressure next week

Topic |   Hong Kong Stock Exchange
Bronze sculptures of bulls, the symbol of the Hong Kong stock exchange, at the Exchange Square in Central. Photo: Warton Li
INTRODUCTION

Good day, traders

It was disappointing end to a holiday shortened trading week. The Hang Seng Index fell 0.5 per cent to 26,312.63 - its lowest since December 5. 

We'll be back on Monday to bring you live updates from Hong Kong and the mainland markets, where trading resumes after an extended Lunar New Year break to contain the spread of the coronavirus outbreak.

If you would like the Live Stocks Blog emailed to you each morning, click 
here
. 

– Georgina Lee and Srinivasan Iyer in Hong Kong 

Note: Information in this blog is on an "as is" basis and not a solicitation or offer to buy or sell any securities or otherwise; and is not investment/professional advice or services in this regard.  It is subject to our T&C.  SCMP (as defined in 
T&C
) shall not be liable for any loss, damage and costs relating to any investments in securities or otherwise in this connection.

 

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