Hang Seng retreats; softer tech, financials and energy minerals weigh
Hang Seng fell about 0.9% (226 points) to open at 25,428, retreating from a two-week high as investors turned cautious after stronger-than-expected US jobs data. China’s August trade balance is due later this week.
9%, or 226 points, to open at 25,428 on Monday, retreating from a two-week high in the previous session, weighed down by declines in the financials, technology, and energy minerals sectors. Investors also turned cautious following stronger-than-expected US jobs data, which boosted expectations for a Federal Reserve rate hike this month. 5 billion in July, offering fresh clues on external demand and the strength of the broader Chinese economy. 9%, despite remaining in focus after raising prices on some smartphone models and continuing its Class B share repurchases.
3%) were among the notable losers. 2%) gained.