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Asian Market Updates

Losses May Accelerate For Hong Kong Stock Market

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The Hong Kong stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 620 points or 2.4 percent. The Hang Seng Index now rests just above the 25,450-point plateau and it's expected to open in the red again on Friday.

The global forecast for the Asian markets is soft on geopolitical concerns, interest rate fears and a drop in crude oil prices. The European and U.S. markets were down and the Asian bourses figure to follow suit.

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Market Analysis

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