Hong Kong Market Falls as China PMI Release Nears
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Hong Kong shares fell 168 points (0.6%) to 26,602 as traders awaited February PMI data. U.S. futures also slipped amid IMF warnings about the excessive U.S. current account deficit. Despite the city's projected operating surplus for 2026/27 and easing inflation at 1.1%, the tech index declined, with Nvidia's strong results failing to boost sentiment. Consumer stocks weakened due to concerns over post-holiday spending, with notable laggards including KE Holdings (-4.9%) and Galaxy Entertainment (-3.7%).
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