(16 Apr 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Hong Kong – 16 April 2024
1. Exterior of Hong Kong stock exchange building
2. Flags of Hong Kong and mainland China outside stock exchange
3. Electronic ticker tape outside of stock exchange building showing Hang Seng Index down 259.75 points to 16,340.71 at just after 0500 GMT
4. Set up shot of Francis Lun, CEO of Geo Securities
5. SOUNDBITE (English) Francis Lun, CEO Geo Securities:
"Investors in Hong Kong are more worried about weak economic growth in China, especially the weak growth in retail sales. So I think the Hong Kong market is still on the declining trail, I think the market will fall further."
6. Zoom in to digital display outside stock exchange building showing Hang Seng Index down 262.14 points to 16,338.32 points after 0530 GMT
7. Various of people on streets outside stock exchange building
STORYLINE:
Hong Kong’s benchmark Hang Seng index tumbled Tuesday, with economic analyst citing weak growth in China’s retail sales as the trigger.
"The Hong Kong market is still on the declining trail, I think the market will fall further," Francis Lun, CEO of Geo Securities.
Heng Seng index traded down more than 300 points most of the day in the low 16,000 level.
Investors following Wall Street movements and concern about conflict in the Middle East have also contributed to the slump.
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