A person walks past a screen displaying the Hang Seng Index at Central district in Hong Kong on October 25, 2022. Photo: Reuters
A person walks past a screen displaying the Hang Seng Index at Central district in Hong Kong on October 25, 2022. Photo: Reuters

Hong Kong stocks tumble for third day on market downgrade as traders trim bets before US inflation data, midterm results

  • BCA analysts cut Hong Kong-domiciled companies to underweight, citing a ‘triple assault’ on economy in a report on Wednesday
  • US inflation likely remained elevated in October, according to forecasts, holding near a four-decade high that is unlikely to alter the current tightening path

A person walks past a screen displaying the Hang Seng Index at Central district in Hong Kong on October 25, 2022. Photo: Reuters
A person walks past a screen displaying the Hang Seng Index at Central district in Hong Kong on October 25, 2022. Photo: Reuters
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