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🖥️HANG SENG INDEX DROPS AMID BEARISH SENTIMENT

🖥️HANG SENG INDEX DROPS AMID BEARISH SENTIMENT

Day: 08 | Time: 10:46:18.000Z The Hang Seng Index fell 275 points or 1.6% to close at 17,524 on Monday, reaching a more than 10-week low due to bearish sentiment in Chinese stocks ahead of a key political meeting. Investors are concerned that next week's event, known as the Third Plenum, will not recommend significant stimulus. The negativity has been amplified by elections in Europe, concerns about a weak yuan, and the impact of the EU's provisional tariffs on Chinese electric cars. All sectors recorded declines, with the financial and real estate sectors among the hardest hit.