The Hang Seng Index is experiencing continued downward pressure, largely attributed to the struggling performance of the property sector. Investor sentiment remains cautious amid concerns about rising interest rates and potential government interventions to cool down the housing market.

Several major property developers have seen their stock prices decline, contributing to the overall negative trend. Analysts are closely monitoring the situation, suggesting that the property sector’s performance will be a key factor in determining the Hang Seng’s trajectory in the coming weeks.

The market is also awaiting further economic data releases, which could provide additional insight into the health of the Hong Kong economy and potentially influence investor decisions regarding property investments.