An electronic screen showing the Hang Seng Index level outside a bank in Central, Hong Kong on September 20. Photo: Dickson Lee
An electronic screen showing the Hang Seng Index level outside a bank in Central, Hong Kong on September 20. Photo: Dickson Lee
Stocks Blog

Hong Kong stocks retreat with property groups under pressure while oil producers advance

  • Property-related stocks weakened amid lingering Evergrande concerns; Carrie Lam unveiled plan for ‘Northern Metropolis’ to spearhead development
  • Oil traded near the highest level in three years, buoying producers like Sinopec and CNOOC amid an energy crisis

An electronic screen showing the Hang Seng Index level outside a bank in Central, Hong Kong on September 20. Photo: Dickson Lee
An electronic screen showing the Hang Seng Index level outside a bank in Central, Hong Kong on September 20. Photo: Dickson Lee

Corrected [12:16pm, 6 Oct, 2021]

  • [12:16pm, 6 Oct, 2021]

    Corrects the first paragraph to say oil prices are at a three-year high

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