Dangle Seng Tech Index Drops Amid Tariff Woes and Earnings – Weekly Recap…

The Dangle Seng Index prolonged its losses from the earlier week, declining by 1.01% within the week ending November 22. The continuing menace of US tariffs on Chinese language items and company earnings impacted demand for HK-listed shares.

Tech heavyweight Baidu (9888) reported its most marked gross sales decline over two years. Alibaba (9988) additionally noticed important losses after information of PDD Holdings warning of intensifying competitors within the e-commerce house.

The Dangle Seng Tech Index (HSTECH) ended the week down 1.89%, after tumbling 7.29% the earlier week. Baidu declined by 6.81% within the week, whereas Alibaba slid by 7.45%.

Actual property shares additionally struggled amid uncertainty about coverage measures bolstering the housing market. The Dangle Seng Mainland Properties Index ended the week down four.34%.

On the Mainland, US tariffs and considerations about China’s financial outlook weighed on the fairness markets. The CSI 300 declined by 2.60%, whereas the Shanghai Composite fell by 1.91%.

Commodities: Gold Surges Amid Geopolitical Tensions

Commodity markets had a extra favorable week. Iron ore spot superior by zero.34% regardless of considerations about US tariffs on China. An escalation within the Ukraine battle drove demand for Gold, which rallied 5.97% to finish the week at 2,716.

Russia threatened a nuclear response following Ukraine’s latest missile assault, signaling a possible escalation within the ongoing battle.