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Hong Kong stocks fell for a second day, with the Hang Seng Index down 1.2% after factory-gate prices in mainland China fell for the first time since 2020. Developers rallied after Beijing unveiled further property support.
Factory-gate deflation signals weaker pricing power and soft demand across Chinese manufacturing, which can reduce appetite for feed and industrial commodity imports.
After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.