The Hong Kong stock market has moved lower in two straight sessions, slumping almost 340 points or 2 percent in that span. The Hang Seng Index now sits just above the 17,650-point plateau and it's likely in store for more pain on Wednesday.
The global forecast for the Asian markets is broadly negative on concerns over the global economy. The European and U.S. markets were sharply lower and the Asian bourses are tipped to follow suit.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.