Hong Kong Stocks Edge Lower
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Hong Kong stocks fell 53 points (0.2%) to 25,416 on Thursday morning, reversing prior gains due to Wall Street's sharp decline over AI valuation concerns and caution ahead of November inflation data. Mainland stocks were also subdued. Investors await China's FDI figures, which fell 10.3% yoy from January to October. Hong Kong's November inflation data is due next week. Tech and consumer sectors dragged the market, with notable decliners including Xiaomi (-2.6%), Pop Mart (-2.4%), Chow Tai Fook (-2.2%), and XPeng (-2.1%).
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