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Tag Archives: hong kong

Hong Kong stocks end week with gain

July, 14(Agencies) — Hong Kong stocks completed a full week of gains on Friday, as traders bet the Federal Reserve is close to the end of its rate-hike cycle and were hopeful of fresh economic stimulus measures out of China.The Hang Seng Index added 0.33 percent, or 63.16 points, to 19,413.78.Shanghai Composite Index was marginally higher, adding 1.22 points to 3,237.70, while the Shenzhen Composite Index on China’s second exchange was also flat, inching down 0.90 points to 2,058.10.

July 14, 2023 at 8:10 pm | Economic Affairs

Hong Kong stocks end on a strong note

March, 21(Agencies)--Hong Kong stocks at closed Tuesday with healthy gains, clawing back some of the previous day’s rout, as concerns over the banking sector eased and traders awaited the Federal Reserve’s latest interest rate decision.The Hang Seng Index jumped 1.36 percent, or 258.05 points, to 19,258.76.The Shanghai Composite Index rose 0.64 percent, or 20.74 points, to 3,255.65, while the Shenzhen Composite Index on China’s second exchange climbed 1.57 percent, or 32.33 points, to 2,085.98.

March 21, 2023 at 2:46 pm | Economic Affairs

Hong Kong raises storm warning as typhoon Lionrock lashes South China Sea

AgenciesHONG KONG, Oct. 9 —Hong Kong authorities issued third highest storm signal early Saturday, shutting down transport networks, schools and offices as Tropical Storm Lionrock lashed the northern South China Sea.The city’s weather observatory raised its No. 8 storm warning signal at 6.40am (1040 GMT) local time and said it would likely remain in place through the morning.Lionrock combined with surging northern monsoon winds and heavy rain on Friday to batter the city, with one female construction worker killed when scaffolding collapsed in the Happy Valley suburb.

October 9, 2021 at 10:46 am | Economic Affairs

Evergrande interest repayment agreement ease Asian investors’ nerves

HONG KONG: 22 Sept—Asian investors trod carefully on Wednesday but nerves appeared to be settled by news that troubled Chinese property giant Evergrande had agreed a plan to repay interest on one of its key bonds, for now avoiding a default that many fear could hammer the domestic and global economy.However, confidence remains at a premium as traders await a crucial meeting of the Federal Reserve, where it could announce a timetable to start tapering its vast monetary easing programme.That comes against the ever-present backdrop of spiking coronavirus infections and slowing global growth, as well as a brewing battle over the US debt ceiling that, if not resolved, could see a default in the world's top economy, potentially sparking anothe...

September 22, 2021 at 2:25 pm | Economic Affairs