Inside A Securities Brokerage And General Stock Market Illustrations As China Stocks Plunge
A stockbroker works at a securities brokerage in Hong Kong on July 8, 2015. Jerome Favre/Bloomberg via Getty Images

Why Hong Kong Stocks Just Hit a Three-Month Low

Nov 14, 2016

The Hong Kong stock market touched its lowest point since Aug. 5 on Monday, as a stronger U.S. dollar continue to take a toll after Donald Trump's victory in the U.S. presidential election sent Treasury yields soaring.

The Hang Seng index fell 1.4%, to 22,222.22, while the China Enterprises Index lost 1.0%, to 9,342.87 points.

" Hong Kong stocks are unlikely to have a strong rebound soon," said Alex Wong, Hong Kong -based director at Ample Finance Group, adding that the rising U.S. dollar and falling long-term government bond prices dampened shares in Hong Kong and other emerging markets.

After Friday's market close, the Hong Kong government reported cooling economic momentum in the third quarter. Economists said Hong Kong would continue to face pressure from global economic uncertainty as well as increasing tensions with Beijing that could threaten stability and impede policymaking.

On Monday, shares fell across the board in Hong Kong , with the information technology and property sectors leading the decline.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions