Hong Kong’s benchmark share index has been weighed down by poor earnings outlook of its constituent members. Photo: AP Photo
Hong Kong’s benchmark share index has been weighed down by poor earnings outlook of its constituent members. Photo: AP Photo

Contrasting fortunes: China’s stock market recoups Covid-19 losses, while Hong Kong endures slump

  • The correlation between the Hang Seng Index and the CSI 300 is the lowest since March when China declared that the worst of Covid-19 out break was over
  • Full-year profit of Hang Seng Index members likely to fall 24 per cent, while those listed on the CSI 300 will probably rise 3.2 per cent, Bloomberg data shows

Hong Kong’s benchmark share index has been weighed down by poor earnings outlook of its constituent members. Photo: AP Photo
Hong Kong’s benchmark share index has been weighed down by poor earnings outlook of its constituent members. Photo: AP Photo
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