Left Menu
Development News Edition

Hong Kong stocks rise slightly as excitement around Trump-Xi truce fades


Hong Kong stocks edged up on Tuesday, but excitement stemming from the ceasefire in the Sino-U.S. trade war has faded, with investors shifting their attention to economic fundamentals.

** The Hang Seng index rose 0.3 percent, to 27,260.44, while the China Enterprises Index gained 0.2 percent, to 10,907.54 points.

** The market rallied strongly on Monday, after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold fresh tariffs for 90 days during which the two sides seek to address their differences.

** Some investors are sceptical that China and the United States can eventually reach a deal to end the trade war, while others are worried about the health of China's economy.

** The sub-index of the Hang Seng tracking energy shares rose 0.4 percent, while the IT sector rose 0.47 percent, the financial sector ended 0.44 percent higher and the property sector dipped 0.37 percent. ** The top gainer on the Hang Seng was CSPC Pharmaceutical Group Ltd, which gained 2.1 percent, while the biggest loser was Sunny Optical Technology Group Co Ltd, which fell 2.09 percent. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.07 percent, while Japan's Nikkei index closed down 2.39 percent. ** The yuan was quoted at 6.8417 per U.S. dollar at 08:31 GMT, 0.64 percent firmer than the previous close of 6.8855. ** The top gainers among H-shares were Haitong Securities Co Ltd up 4.36 percent, followed by ZhongAn Online P & C Insurance Co Ltd, gaining 3.04 percent and Air China Ltd, up by 2.13 percent. ** The three biggest H-shares percentage decliners were Postal Savings Bank of China Co Ltd, which was down 3.07 percent, Anhui Conch Cement Co Ltd, which fell 2.1 percent and China Vanke Co Ltd, down by 1.6 percent. (Reporting by the Shanghai Newsroom; Editing by Sunil Nair)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

JNU Administration's 100-meter challenge before JNUSU

For the first time in its history, Jawaharlal Nehru University JNU Administration is seeking permanent deployment of local police to keep protesting students at 100 meters away from the Administrative Block. It would be interesting to see h...

Sentiment Analysis of Twitter users during COP25: Governments losing trust on Climate Action

Sentiment analysis of Twitter users during COP25 in Madrid, being held from December 2-13, shows widespread fear on climate change due to global warming but almost no trust on governments in meeting the emission targets. In the analysis the...

These innovators are making humanitarian response more efficient

These alarming trends prompt a call for the world to not only address the ongoing crisis but also to adopt innovative approaches to fulfill the growing humanitarian needs in such emergencies. ...

Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....

Videos

Latest News

Sensex zooms 428 pts on trade deal boost, Brexit clarity; logs weekly gain

The Sensex soared 428 points to close above the 41,000-mark on Friday as the US and China reportedly reaching a trade deal and Boris Johnsons win in UK general elections turbocharged global equity sentiment. After hitting a high of 41,055.8...

Russia jails Jehovah's Witness adherent for six years over extremism

A Russian court on Friday jailed a Jehovahs Witness adherent for six years after finding him guilty of extremist activity, a spokesman for the U.S.-headquartered Christian denomination said in a statement.A court in Penza, around 350 miles ...

Rahul Gandhi made horrendous statement, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday slammed Rahul Gandhi for making a horrendous statement saying it was a matter of shame that the senior Congress leader was speaking by forgetting about the dignity of women. At a press conferenc...

Messi doesn't need to win World Cup to be called great player: Crespo

Lionel Messi is in the same league as Pele or Diego Maradona and he doesnt need to win a World Cup to prove his greatness, feels iconic former Argentine striker Hernan Crespo. Here in the city as the ambassador of TSK 25K run, the prolific ...

Give Feedback