Hong Kong stocks retreated from a four-month high in the previous session to end Thursday's trade lower due to fears of delayed rate cuts from the US Federal Reserve.
The Hang Seng Index slid 0.20%, or 43.55 points, to close at 21,814.37. The Hang Seng China Enterprises index fell 0.69%, or 55.45 points, to 8,002.63.
The local equities market took cues from an overnight decline on Wall Street following higher-than-expected US inflation data, which reinforced the US Fed's decision to avoid slashing interest rates in the near future, according to a Reuters report.
The US consumer price index rose 0.5% in January, its largest increase since August 2023. The core CPI, which climbed 0.4%, also surpassed market expectations.
In corporate news, shares of Alibaba Group (HKG:9988) rose nearly 3% after its chairman, Joseph Tsai, confirmed a partnership with Apple to provide Chinese iPhone users with AI technology.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。