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.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.