Hong Kong stocks closed lower on June 5, with the Hang Seng Index retreating 1.15%, or 290.14 points, to 24,961.95 as investors locked in profits and remained cautious over the global interest-rate outlook.
The benchmark index slipped below the 25,000-point mark amid weakness in technology and growth-oriented counters, mirroring a softer tone across regional markets. Investor sentiment was also weighed down by uncertainty surrounding the timing of US Federal Reserve policy easing and concerns over slowing global economic momentum.
Despite the pullback, the Hang Seng remains near multi-month highs after a strong rally in recent weeks, supported by improving sentiment towards Chinese assets and expectations of further policy support from Beijing.
Market participants continued to monitor developments in China’s economy, with hopes that additional stimulus measures could help bolster growth and corporate earnings in the months ahead.
While short-term volatility persists, analysts said Hong Kong equities remain underpinned by attractive valuations and growing investor interest in mainland Chinese technology and consumer-related stocks.
