Equities in Hong Kong slipped 172 points or 0.6% to 27,098 on Thursday morning, ending gains in the prior three sessions as most sectors were in the red.
Sentiment weakened after a subdued overnight performance on Wall Street, following data showing the U.S. economy created far more jobs than expected in January, which could make it more difficult for the Fed to keep cutting rates this year.
Also, trading momentum in the city eased as markets in China are approaching the Spring Festival holiday starting February 15.
Still, losses were capped by hopes that a sharp slowdown in annual inflation in the mainland and persistent decline in producer prices will prompt Beijing to roll out fresh stimulus.
Meanwhile, the PBoC said earlier this week that it would lower banks' liability costs, keep social financing costs at low levels and prevent systemic financial risks.
Underperforming stocks included Budweiser Brewing (-4.6%), Meituan (-1.9%), Laopu Gold (-1.5%), and Smoore Intl. (-1.4%).
Sumber : Trading Economics
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