Hang Seng Dips 0.27% at Midday; Resource Stocks Surge, Lenovo Tumbles Over 5% to Lead Blue-Chip Losers
Market Pulse·
- On September 8th morning close, Hong Kong stocks declined collectively, with the Hang Seng Index falling 0.27% to 25345.57 points and a total turnover of approximately 1049 billion HKD.
- Driven by geopolitical tensions and rising commodity prices, resource stocks rallied strongly with Luoyang Molybdenum surging over 6% and Sinopec gaining nearly 4%.
- Tech stocks generally pulled back under the pressure of strong US non-farm data and rising interest rate hike expectations, with Lenovo Group dropping over 5%.