HONG KONG: Hong Kong stocks are set for a pullback from a three-month high following a lower close on Wall Street on weak US consumer spending data and lackluster corporate earnings. US stocks retreated on Tuesday after the world's largest consumer goods maker by market value, Procter & Gamble, disappointed investors with a lower-than-expected quarterly profit and tepid forecast. Consumer spending, a major contributor to US GDP, and incomes in the world's largest economy were flat in June,...
Full Story: The Times of India
