Hong Kong stocks set to snap 3-day winning streak as earnings, China stimulus in focus

The Hang Seng Index fell 0.2 per cent to 19,658.27 as of 10am local time after rising 1.

4 per cent over the past three days. The Hang Seng Tech Index dropped 0.3 per cent.



China’s equity benchmarks also inched lower. The CSI 300 Index slipped 0.3 per cent and the Shanghai Composite Index eased 0.

2 per cent. Chow Tai Fook Jewellery Group fell 1.5 per cent to HK$7.

25 before its earnings next week. Chinese property developer Longfor Group Holdings shed 1.4 per cent to HK$11.

20 and peer China Resources Land lost 1.3 per cent to HK$23.50.

Limiting the losses, personal computer maker Lenovo Group added 2.8 per cent to HK$9.27 and aluminium producer China Hongqiao advanced 2.

3 per cent to HK$12.48. Investors are looking for fresh catalysts to revive stocks after fiscal measures from a legislative meeting underwhelmed and the threat of higher US tariffs looms.

The Hang Seng Index has dropped about 15 per cent from this year’s high set in October..