13.11.202502:10:51UTC+00Hong Kong Shares Drift Lower Ahead of China Data

In the morning trading session on Thursday, Hong Kong equities declined by 51 points, or 0.2%, settling at 26,866. This downturn reversed gains observed over the past three sessions as traders opted to secure profits following the market’s climb to a one-month high. Investors approached the day with caution in anticipation of significant economic data from China, specifically related to industrial production and retail sales. Additionally, concerns escalated over the resilience of the U.S.-China tariff truce, particularly concerning the supply chain of rare-earth materials. Despite these uncertainties, losses were contained by the Dow Jones in the United States reaching another record high overnight. In other developments, Bloomberg News reported the approval of a spending bill by the U.S. House of Representatives, now awaiting President Donald Trump's signature, anticipated later today. Meanwhile, in China, the government in Beijing committed to enhancing private sector involvement in infrastructure and energy projects to boost investments. The majority of sectors experienced losses, particularly in tech, consumer, and property sectors. Notable early decliners included Tencent Music Entertainment, which fell by 10.4%, China Resources Mixc down by 6.9%, Li Auto dropping by 2.4%, and Kuaishou Technology declining by 1.5%.