Hong Kong stocks finished the month lower as China Mobile and other blue-chip stocks faced selling pressure. The Hang Seng Index closed down 0.8% at 26,304.56.
China Mobile shares dropped 2.1%, contributing significantly to the index’s decline. Other major companies also experienced losses, reflecting broader market sentiment.
Market participants cited concerns about the global economic slowdown and its potential effects on corporate profitability as factors weighing on investor confidence. Uncertainty surrounding the outlook continues to drive cautious trading activity.
Analysts suggest that investors are closely monitoring upcoming economic data and corporate earnings reports for further clues about the market’s direction.