Hong Kong Stock Market May Stop The Bleeding On Monday

The Hong Kong stock market is projected to halt its four-session losing streak and open in positive territory on Monday, supported by strong global cues and easing energy prices. Over the preceding four sessions, the benchmark Hang Seng Index dropped more than 800 points, or 3.2 percent, finishing Friday down 148.84 points, or 0.60 percent, at 24,805.63. The recent downward pressure was led by broad-based declines across the technology, resources, and property sectors. Market sentiment is anticipated to rebound following solid gains across Wall Street, where the Dow Jones, S&P 500, and NASDAQ all advanced substantially. The rally in international markets was largely fueled by bargain hunting and a retreat in crude oil prices, as West Texas Intermediate fell 2.57 percent to $99.85 per barrel amid potential diplomatic efforts to ease Middle Eastern supply disruptions. Additionally, investors will monitor domestic economic indicators, with Hong Kong scheduled to report second-quarter industrial production and producer price figures.