Posted 12/29/2023, 3:48:48 AM
Hong Kong Stocks End Tumultuous 2022 Lower as Hang Seng Heads for 4th Year of Losses
- Hong Kong stocks slip, trimming weekly gains, as market heads for 4th straight year of losses
- Hang Seng Index drops 0.4% on last trading day of 2023; set for worst performance among major indices
- UBTech Robotics climbs after completing final Hong Kong IPO of the year
- Hang Seng has fallen 14% in 2022, wiping out $523B in market value; top losers down 53-69%
- Bargain hunting lifts markets early this week after gaming stock rout, but outlook remains challenging