Hong Kong shares headed lower for a second day as overnight equity losses on Wall Street and rising U.S. and European bond yields drained appetite for risk assets.
The Hang Seng Index slid 0.4% to 25,373.80 by the midday break, tracking losses for major U.S. stock benchmarks on Thursday and as 10-year Treasury yields approached two-month highs.
German yields rallied to their highest level since January 2016 after the European Central Bank signalled it’s moving closer to winding down stimulus, while U.K. yields also hit multi-month highs.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Precise Investors. The information provided on Precise Investors is intended for informational purposes only. Precise Investors is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.
