Hong Kong Stocks trade mixed

Headline shares of the Hong Kong market were higher on Monday, 12 November 2018, as investors chased for value buying on tracking gains in Mainland A-Share market and other Asian bourses, with shares in resources and financials being notable gainers. Market gains were, however, limited as investors remained wary about risks that include a trade war, global growth outlook and oil prices. In afternoon trades, the Hang Seng Index added 79.35 points or 0.3% to 25,681.27. The Hang Seng China Enterprises Index increased by 4.40 points or 0.04% to 10,435.86.

China's economy will be in focus this week, with key monthly data due Wednesday. Chinese stocks tumbled last week amid mounting signs of a slowdown, seen in earnings outlooks and moves by regulators to sustain credit flows.

Global stocks are facing pressure again, from China and worries that the most recent earnings season could prove to be a peak. There's also a renewed debate on the direction of bond yields, with investors dialing down inflation expectations. U.S. consumer prices due this week may offer further hints on the trajectory of costs.

OFFSHORE MARKET NEWS: US stocks closed in negative territory on Friday, reflecting renewed concerns about the outlook for interest rates on the heels of the Federal Reserve's monetary policy announcement on Thursday. Adding to the concerns about interest rates, the Labor Department released a report showing a much bigger than expected increase in producer prices in the month of October. The Dow Jones Industrial Average fell 201.92 points, or 0.77%, to 25,989.3, the S&P 500 lost 25.82 points, or 0.92%, to 2,781.01 and the Nasdaq Composite dropped 123.98 points, or 1.65%, to 7,406.90.

European shares dipped on Friday as mining and oil stocks sold off. The French CAC 40 Index and the U.K.'s FTSE 100 Index both fell by 0.5%, while the German DAX Index bucked the downtrend and closed just above the unchanged line.

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