|Day's range||26,487.67 - 26,690.17|
|52-week range||24,896.87 - 30,280.12|
World shares dropped Thursday as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year. China’s Commerce Ministry batted away rumors that the talks were in trouble with a spokesman saying Beijing was committed to continuing discussions on core concerns. Several reports suggest the U.S. and China are struggling to reach a preliminary “Phase 1” trade pact and might not be completed this year.
Stocks across Asia fell on Thursday as investors’ concerns mounted over a possible setback in a resolution to US-China trade tensions and Congress passing a bill that supports protesters in Hong Kong. At the close of trade, Hong Kong’s Hang Seng index was the hardest hit. China’s CSI 300 dropped 0.5 per cent and Japan’s Topix ended the day 0.1 per cent down.
Hong Kong is embroiled in political chaos and flirting with a constitutional crisis but the city’s equities traders, after grappling with social unrest for almost half a year, are beginning to take it all in their stride. The benchmark Hang Seng index has climbed 2.9 per cent in the past two sessions, after falling nearly 5 per cent last week after the most violent clashes so far. Tuesday’s advance came even as China’s parliament attacked a Hong Kong court ruling that overturned a contentious mask ban, and built on Monday’s gains made despite a weekend of violence.
Alibaba’s decision to push ahead with its Hong Kong stock market listing despite worsening unrest came as a surprise to some of the city’s most seasoned investment bankers. Just a few weeks ago a senior ...
Protesters blocked roads and metro lines were suspended for a fourth day in Hong Kong after police laid siege to a leading university, triggering an exodus of mainland Chinese students from the territory. In a statement, Beijing said “mob behaviour would not be tolerated”. ”, officers fired water cannon, tear gas and rubber bullets at students at the Chinese University of Hong Kong.
Hong Kong stocks extended their decline for the week to almost 4 per cent on Wednesday as violent clashes between protesters and police previously limited to weekends spilled onto the streets of the city’s central financial district, darkening investor sentiment. The Hang Seng index ended the day down 1.8 per cent, taking the equities benchmark down 3.9 per cent for the week.
Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday that agreement on the "Phase 1" deal announced last month "could happen soon." But he warned he was ready to raise tariffs on Chinese imports "very substantially" if that fails.
Hong Kong's share index lost almost 3% as unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing tear gas at protesters in the Central business district. Investor sentiment suffered after a police officer shot and wounded one protester before trading commenced. The market had already been set for a shaky start after U.S. President Donald Trump said on Friday he has not agreed to roll back tariffs on Chinese goods as Beijing suggested last week.
Both the Shanghai Composite Index and the Hang Seng Index closed with gains today. Also, Asian markets were in the green from the recent momentum.
Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of a Brexit breakthrough had investors optimistic, the deal must still be formally approved by the bloc and ratified by the European and U.K. Parliaments.