China Stocks in Hong Kong Slide as Market Reopens From Holiday

Hang Seng Index also turns positive after starting day lower
Goldman says investors want a ‘comprehensive easing package’

WATCH: Si Fu of Goldman Sachs discusses China’s efforts to support the stock markets and the economy, and the implications for investors.Source: Bloomberg

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By Abhishek Vishnoi and Charlotte Yang

February 14, 2024 at 1:30 AM UTC

Updated on

February 14, 2024 at 8:34 AM UTC

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Chinese equities listed in Hong Kong gained as trading resumed after the Lunar New Year holiday, with positive consumption data aiding sentiment.

The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, recouped early losses to close 1.5% higher and break a three-session losing streak. Tech stocks led the advance, with Meituan the biggest contributor after local media reported the delivery platform saw a jump in meal orders by travelers from a year ago in the first few days of the festival.