Hong Kong stocks open sharply higher

Hong Kong stocks got off to a booming start on Friday, tracking a record performance on Wall Street and extending this week’s rally on hopes China and the US will eventually resolve their trade dispute.

The Hang Seng Index rose 0.85 percent, or 234.68 points, to 27,712.35 in early trade.

And the benchmark Shanghai Composite Index edged up 0.17 percent, or 4.63 points, to 2,733.87, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, climbed up 0.22 percent, or 3.11 points, to 1,423.13.

Sumber : AFP

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Sumber : bpfnews.com

China Stocks Fall Sharply On Economic, Trade War Worries

China’s main stock indexes fell over 1 percent on Wednesday, as investors dumped banking, property and resources shares amid fresh signs of anaemic growth, and ahead of a likely escalation of the Sino-U.S. trade war.

The blue-chip CSI300 index fell 2.0 percent, to 3,298.14, while the Shanghai Composite Index lost 1.7 percent to 2,704.34 points.

Growth in China’s services sector weakened again in August as new business picked up only slightly from July’s more than two-year low, a private survey showed on Wednesday.

Market sentiment was also curbed by a likely escalation in the Sino-U.S trade war. U.S. President Donald Trump has told aides he is ready to impose tariffs on $ 200 billion more in Chinese imports as soon as a public comment period on the plan ends this week.

Source : Reuters

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Sumber : bpfnews.com

Hong Kong, Shanghai stocks end sharply lower (Review)

Stocks sank in Hong Kong and Shanghai on Wednesday, reversing early gains, following reports that the US was considering more than doubling threatened tariffs on $ 200 billion of Chinese goods.

The Hang Seng Index fell 0.85 percent, or 242.27 points, to 28,340.74.

And the benchmark Shanghai Composite Index dropped 1.80 percent, or 51.87 points, to 2,824.53 while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, shed 1.72 percent, or 27.13 points, to 1,549.28.

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Sumber : bpfnews.com

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