Hong Kong stocks completed a fourth straight month of losses after China’s manufacturing contracted more than expected in November, adding to signs of faltering recovery. An exodus of foreign funds persisted.
The Hang Seng Index fell 0.4 per cent to 17,from a month ago, bringing a cumulative 15.1 per cent setback in successive monthly retreat since July 31. The last time the city’s benchmark fell by four months in a row was in July-October 2022.
The index climbed 0.3 per cent on Thursday to 17,042.88, after hitting a 12-month low earlier this week. The Tech Index dropped 0.3 per cent and the Shanghai Composite Index gained 0.3 per cent.
Tencent advanced 3.2 per cent to HK$327, while Longfor Group added 1.5 per cent to HK$13.84 and China Mobile advanced 1.3 per cent to HK$63.430, helping the index’s recovery in Thursday trading.
AIA Group led losers sliding 2.6 per cent to HK$67.40. EV maker BYD tumbled 0.9 per cent to HK$210 and…
