Hong Kong stocks posted a second consecutive monthly loss as investors grappled with their disappointment in China’s fiscal stimulus plans and the prospect of fresh tariffs from the Trump administration.
The Hang Seng Index rose 0.3 per cent to 19,423.61 at the close. The benchmark dropped 4.4 per cent for the month following a 3.9 per cent drop in October. The Hang Seng Tech Index gained 1.1 per cent. On the mainland, the CSI 300 Index climbed 1.1 per cent and the Shanghai Composite Index added 0.9 per cent.
Geely Automobile Holdings advanced after its chairman increased his stake in the company. Meituan, China’s largest on-demand delivery firm, dropped ahead of its quarterly earnings release later on Friday. New World Development (NWD) slumped before trading was suspended after the Post reported its CEO would step down just two months after being appointed.
Sentiment on Hong Kong stocks took a beating this month, with a slew of…
