Hong Kong shares fell 53 points, or 0.2%, to 25,416 in Thursday morning trade, reversing the prior session's gains after Wall Street closed sharply lower overnight on persistent concerns over AI valuations and caution ahead of November inflation data.
Mainland stocks were also subdued following Wednesday's rally, with investors awaiting China's foreign direct investment figures for the first 11 months, expected later today.
From January to October, FDI fell 10.3% yoy, extending a 2-1/2-year decline amid external and domestic pressures.
Meanwhile, Hong Kong's November inflation print is due next week, after October rose to a four-month high of 1.2%.
Sector-wise, tech and consumer names dragged the market, while modest gains in financials helped cap losses.
Notable decliners included Xiaomi Corp. (-2.6%), Pop Mart Intl. (-2.4%), Chow Tai Fook Jewellery (-2.2%), and XPeng (-2.1%).
Sumber : tradingview.com
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