The Hang Seng Index, the Hong Kong Stock Exchange, closed lower today. Amid concerns that the Chinese government has resumed lockdown measures After the number of people infected with COVID-19 continually rising
The Hang Seng Index closed at 20,797.95, down 46.79 or -0.22%.
Investors are keeping an eye on the US Consumer Price Index (CPI), a measure of inflation based on consumer spending. June Analysts today expect the CPI to rise above 8.6 percent in May, raising concerns that the Federal Reserve will raise interest rates to curb inflation.
In addition, investors are still waiting to see China’s economic data on Friday. This includes June Home Price Index, Gross Domestic Product (GDP) Q2/22, June Industrial Production, June Retail Sales, Fixed Asset Investment Month. Jun and the unemployment rate in June
