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Hong Kong stocks hit longest losing streak in six weeks as investors fear more protests on the way

Hong Kong stocks fell for a fourth straight day, their longest losing streak in six weeks, on concerns there will be more protests ahead of China’s National Day.The Hang Seng Index dropped 1.1 per cent to 26,468.95 at the close on Thursday. The four-day decline was the longest since a stretch of five days that ended on August 6. Cosmetics retailer Sa Sa International Holdings said the civil unrest in the city was hurting its sales.Concerns were running high that more demonstrations will be… Source link

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Chinese key stock index falls by the most in 10 weeks as central bank refrains from stimulus to arrest economic slowdown

China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been excessive. Hong Kong’s benchmark stock index also ended lower.The Shanghai Composite Index sank 1.7 per cent to 2,978.12 at the close on Tuesday, the biggest one-day decline since July 8, while the ChiNext gauge of smaller firms retreated 2.1 per cent. The Hang Seng Index lost 1.2… Source link

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Hong Kong stocks drop most in three weeks, weighed down by protests, weak China data

Hong Kong’s stocks dropped the most in three weeks, as Chinese economic data that trailed estimates and the drawn-out protests in the city weighed on Asia’s third-largest equity market.The Hang Seng Index dropped 0.8 per cent, or 228.14 points, to 27,124.55 at the close on Monday, the steepest decline since August 26. Protesters clashed with the police on Sunday, setting fire on entrances to Wan Chai subway station and throwing petrol bombs at the government headquarters in Admiralty, as the… Source link

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Hong Kong stocks up 6.3 per cent in first two weeks of September, as sentiment improves on eventual US-China trade deal

Hong Kong ‘s Hang Seng Index is on fire this month, posting gains of 6.3 per cent in just two weeks, as traders grow more optimistic that the US and China will work out their differences on trade.The Hang Seng closed at 27,352.69 after gaining nearly 1 per cent Friday.Its two-week performance contrasts with August, when it lost 7.39 per cent over the month.The gains came despite China’s markets being closed for the Mid-Autumn Festival, meaning there was no southbound traffic on the Stock… Source link

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Shanghai benchmark closes at highest level in 10 weeks, as US delay in tariff hike cools tensions

The Shanghai Composite Index closed at its highest level in 10 weeks, as investment sentiment was buoyed by US president Donald Trump’s decision to delay tariffs for two weeks as a “gesture of goodwill” for celebrations marking the 70th anniversary of the founding of the People’s Republic of China.The Shanghai benchmark ended 0.7 per cent higher, at 3,0312.4.The CSI 300, which tracks Shenzhen and Shanghai blue chips, rose 1.1 per cent to 3,972.38. Financials and consumer stables led the indexes… Source link

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Stocks Blog: Trump delays next China tariffs for two weeks as 'gesture of goodwill'

Good day, traders. Lots of news since market close for traders to digest.  On the trade front, US president Donald Trump delayed new China tariffs by two weeks as a “gesture of good will” because they were to start on October 1, when celebrations will be held for the 70th anniversary of the founding of the People’s Republic of China. The Hong Kong Exchanges and Clearing Limited (HKEX) has made a surprise takeover bid for London Stock Exchange Group (LSE). We’ll be watching all the top moves… Source link

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Hang Seng Index rises to highest level in six weeks as trade war angst eases

The Hang Seng Index rose 1.8 per cent to close at 27,159.06, its highest level since August 1, as investors’ outlook on the US China trade war improved, prompting them to snap up banking and property stocks.The gains in Hong Kong on Wednesday contrasted with the CSI 300, which tracks blue chips listed on Shenzhen and Shanghai bourse. It closed down 0.7 per cent at 3,930.1, while the Shanghai Composite Index finished down 0.4 per cent at 3,008.81.China on Wednesday unveiled a list of 16 types of… Source link

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August 2019 likely driest, warmest on record; more dry, hot weather expected in next 2 weeks, Singapore News

But on four to five days, expect localised short-duration thundery showers between the late morning and early afternoon. On one to two mornings, Sumatra squalls are expected to bring thundery showers and gusty winds. Even so, the rainfall in September’s first fortnight is likely to be significantly below normal. This period is also expected to be as warm as August. The daily temperature is expected to range between 26 deg C and 34 deg C on most days. But the mercury is forecast to hit highs of around 35 deg…

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Tai Hing to push ahead with expansion plan as interim growth helps offset impact from 12 weeks of street protests in Hong Kong

Tai Hing Group plans to open at least six new casual-dining restaurants this year in Hong Kong, as stronger interim earnings gave it the confidence to brush aside the impact from nearly three months of protest rallies in the city.Sales rose 6.5 per cent to HK$1.6 billion (US$200 million) in the first half, while net profit climbed 10 per cent to HK$83 million.“I remain optimistic and prudent about the second half of the year,” said the chain operator’s Chairman Chan Wing-on, during a press… Source link

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Chinese small-caps surge most in seven weeks on lending rate reform, Shenzhen revitalisation plan

Smaller companies in Shenzhen, considered China’s technology hub, have gained the most in seven weeks on optimism a new market-based method of pricing loans to be introduced by the country’s central bank will lower corporate funding costs, and after Beijing rolled out a plan for bolder reforms in the city.The ChiNext gauge of start-ups surged 3.5 per cent at the close on Monday, capping its biggest gains since July 1. The Shenzhen Composite Index, which tracks all the 2,000-plus stocks on the… Source link

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