# Hong Kong stocks slide on China deflation risks while Apple supplier GoerTek sinks on production setback | South China Morning Post

> 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.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/6253-hong-kong-stocks-slide-on-china-deflation-risks-while-apple-supplier-goertek
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Factory-gate deflation signals weaker pricing power and soft demand across Chinese manufacturing, which can reduce appetite for feed and industrial commodity imports.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-08-30 | [China’s yuan volatility rising on interest rates, US presidential election: Goldman \| South China Morning Post](https://feedsoft.ai/events/29023-china-s-yuan-volatility-rising-on-interest-rates-us-presidential-election.md) | -0.1% | -1.2% |
| USDCNY | 2019-09-26 | [China sells 10 billion yuan of bills in Hong Kong to protect currency ahead of National Day, US trade war talks \| South China Morning Post](https://feedsoft.ai/events/57292-china-sells-10-billion-yuan-of-bills-in-hong-kong-to-protect-currency-ahead-of.md) | +0.2% | -0.9% |
| USDCNY | 2025-11-26 | [China sets strongest yuan fix in over a year as Fed-cut bets rise \| South China Morning Post](https://feedsoft.ai/events/22172-china-sets-strongest-yuan-fix-in-over-a-year-as-fed-cut-bets-rise-south-china.md) | -0.3% | -1.0% |
| USDCNY | 2021-02-09 | [Opinion \| Why a stronger yuan is still in China’s best interests \| South China Morning Post](https://feedsoft.ai/events/48873-opinion-why-a-stronger-yuan-is-still-in-china-s-best-interests-south-china.md) | +0.1% | +0.9% |
| USDCNY | 2024-08-05 | [As stock sell-off sweeps Asia, China’s yuan surges as US rate cuts loom \| South China Morning Post](https://feedsoft.ai/events/7430-as-stock-sell-off-sweeps-asia-china-s-yuan-surges-as-us-rate-cuts-loom-south.md) | +0.1% | -1.0% |

## Sources

- scmp.com: https://www.scmp.com/business/china-business/article/3198951/hong-kong-stocks-falter-deflation-concerns-hit-chinas-economy-goertek-slumps-production-setback

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.