US media reports have been reported from the Hong Kong benchmark Hang Seng Index.Recently, the high point has fallen by one -fifth and officially entered the bear market area.
According to the Wall Street Journal, the Hang Seng Index fell nearly 2.1%on Friday (August 18) to close at 17950.85 points.This is nearly 21%lower than the high of 22688.90 points at the end of January.
It is reported that this trend has shown great changes in the popularity of the Hong Kong stock market this year.Driven by the longing of the economic recovery of mainland China, the Hong Kong stock market has made high progress at the beginning of the year, and now the mainland's economy is struggling, and new signs of trouble have appeared in the real estate industry.
The mainland stock market also reached a new low in 2023.The benchmark CSI 300 index fell 1.2%to 3784 points, and the cumulative decline has expanded to 2.3%since this year.
Reported that the poor performance of Hong Kong and mainland stock markets has been in sharp contrast to many other markets.For example, the three major US stock indexes are in the bull market area. Although the S & P 500 index has fallen recently, it has risen by 14%so far this year.
