China and Hong Kong stocks drop as US election risks loom

📆 10/30/2024 12:24 AM
📰 staronline

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(Reuters) - The French Rugby Federation (FFR) has banned players from drinking alcohol during national team gatherings as part of efforts to improve discipline following a series of controversies off the field this year.

HONG KONG: China and Hong Kong stocks dipped on Wednesday, with investors cautious ahead of the U.S. election, while also awaiting China's economic data and a top leadership meeting next week that could reveal fiscal stimulus details.

On Tuesday, Reuters reported China is considering approving next week the issuance of over 10 trillion yuan in extra debt in the next few years to revive its fragile economy. More clues on the fiscal stimulus package may come from a meeting of China’s National People’s Congress, set for next week. By midday, liquor makers, banks and energy firms were among top underperformers in mainland A-shares.The U.S. is finalizing rules that will limit U.S. investments in artificial intelligence and other technology sectors in China.

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