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Hang Seng ends with tiny loss as normalcy returns to Hong Kong after huge protests

The Hang Seng Index closed slightly down while China shares eked out a tiny gain, as traders battled nerves over trade uncertainty while feeling excited about the official launch of a Nasdaq-style board on the mainland and a return of normalcy in Hong Kong after large protests.The Hang Seng fell 0.05 per cent to 27,294.71, crawling out of a morning hole in which lows were as deep as 1.6 per cent. In addition to trade, investors were focused on ongoing tension over a controversial proposal that… Source link

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Hang Seng Index drops by the most in five weeks as Hong Kong’s biggest protest rally in decades finds city on edge

Hong Kong stocks fell by the most in five weeks, as traders pocketed their profits from a recent run-up in prices after the city’s police fired tear gas on demonstrators protesting a controversial extradition proposal.The Hang Seng Index fell 1.7 per cent to 27,308.46, its biggest daily decline since a 2.4 per cent plunge on May 9 amid escalating tensions between the United States and China over trade.“The main issue the market is facing is still the Sino-US trade tussle. We have not seen the… Source link

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Hang Seng Index thuds to a four-month low, as May sees index rattled for 9.4 per cent loss

Hong Kong and China equity indexes ended May trade with respective monthly losses, led lower by the sustained selling in the mainland’s blue chip CSI 300 index, which posted a loss of 7.24 per cent for the period as investors fretted that the escalation of the US-China trade war could spin the world into a recession.The Hang Seng Index closed out Friday trade down 0.79 per cent or 213.79 points at 26,901.09. The level was its lowest since mid-January, dragging its loss for May to 9.42 per cent… Source link

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Shanghai ends seven-day losing streak while Hang Seng Index falls on thin trading

Mainland stocks posted solid gains while Hong Kong’s Hang Seng Index finished lower on thin trading, as China traders hoped for additional stimulus measures from Beijing.All leading Chinese benchmarks ended higher on Monday, with the Shanghai Composite Index up 1.38 per cent, or 39.38 points at 2,892.38. The CSI 300, which tracks blue chips listed in both Shanghai and Shenzhen bourse, also rose 1.21 per cent, 43.29 points, at 3,637.2.Traders shrugged off China’s industrial profit report for… Source link

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Hang Seng Indexes launches two new ESG benchmarks, expands Greater Bay Area Index series tracking innovative firms

Hang Seng Indexeson Tuesday launched two new indices tracking the environmental, social and corporate governance performance of listed companies, expanding its portfolio of benchmarks for investors interested in socially responsible investment strategies.It also launched a third index that tracks innovative companies in the Greater Bay Area.The wholly-owned subsidiary of Hang Seng Bank manages and compiles gauges covering stocks and bonds listed in Hong Kong and mainland China markets,The HSI… Source link

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Hong Kong’s mall landlords mix gaming, golf and fashion with retailing as they search for oomph to hang on to return shoppers

The landlords of Hong Kong’s shopping centres are combining entertainment with retailing to turn many of the city’s malls into lifestyle destinations, a strategy for hanging on to returning customers as they compete with the increasing popularity of e-commerce.At least three malls in Mong Kok, Causeway Bay and Tsim Sha Tsui are offering activities such as e-sports, mini golf, indoor family entertainment along with their main retail offerings of shoes, apparels and toys.“The retail market is… Source link

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Hang on, investors – it’s still too early to cheer the start of China’s bull run

Does the stabilisation of growth in the first quarter signal the bottom-up – the lowest point in a growth circle – or a full recovery of the Chinese economy?This is a question investors worldwide are asking as the world’s second-largest economy is now the chief engine of global growth, despite its continuous economic slowdown in the past decade.Indeed, the 6.4 per cent year-on-year growth in gross domestic product (GDP) in the first quarter, released by the National Bureau of Statistics (NBS)… Source link

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