Hong Kong stocks trade sideways as investors weigh rate cut odds after mixed US job data
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Hong Kong stocks traded in a narrow range, with the Hang Seng Index falling 0.1% and the Hang Seng Tech Index dropping 0.3%. Investors weighed the prospects of monetary easing after mixed US job data. Li Ning and Alibaba Health rose, while Techtronic Industries and Innovent Biologics fell. The US added 64,000 jobs in November, but the unemployment rate rose to 4.6%. HashKey Holdings and MetaX Integrated Circuits saw significant gains on their trading debuts.
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