Jun 26, 2025, 15:45 GMT+7
(MT Newswires) - Hong Kong stocks ended their winning streak Thursday after the city's monetary authority intervened in the currency market, draining liquidity and raising the risk of higher local interest rates.
The Hang Seng Index marginally fell 149.27 points, or 0.6%, to 24,325.40, while the Hang Seng China Enterprises Index dropped 55.46 points, or 0.6%, to 8,803.83.
Hong Kong's de facto central bank said Thursday it sold $1.2 billion to support the local currency after it touched the weak end of its trading band at 7.85 per US dollar.
The Hong Kong Monetary Authority said the intervention, triggered by bank requests, involved selling US dollars for HK$9.42 billion. It was the first move since 2023 to prevent the currency from weakening beyond the weak side of its trading band.
As a result, the aggregate balance, a key gauge of banking system liquidity, will drop to HK$164.1 billion on June 27.
In corporate news, three companies made their trading debut on the Hong Kong bourse today.
Saint Bella, a postpartum care and recovery services provider, closed at HK$8.80, up 33% from its IPO price of HK$6.58.
Zhou Liu Fu Jewellery, a Chinese jewelry retailer, ended the session at HK$30.00, marking a 25% gain from its IPO price of HK$24.00.
Eternal Beauty Holdings, a Chinese perfume and fragrance group, finished at HK$2.40, representing a 17% decrease from its IPO price of HK$2.88.

Sumber : MT Newswires