Hong Kong stocks post weekly drop as protests rattle sentiment [Reuters]
CHINA COMMUNICATIONS ADR (CCCGY)
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Source: Reuters
Hong Kong stocks post weekly drop as protests rattle sentiment - Reuters 3 Min Read * HK-Shanghai Connect daily quota used 16.9%, Shanghai-HK daily quota used 1.5% * HSI -0.1%, HSCE -0.1%, CSI300 +0.3% * FTSE China A50 +0.3% Sept 20 (Reuters) - Hong Kong stocks closed the week lower amid lingering worries that anti-government protests could add pressure on the city island’s economy amid a bruising Sino-U.S. trade spat. ** The Hang Seng index ended down 0.1% at 26,435.67 on Friday, while the China Enterprises Index also lost 0.1% to 10,375.65. ** HSI shed 3.4% for the week, while HSCE lost 2.9%. ** Hong Kong’s central bank lowered interest rates on Thursday in step with a rate cut by the U.S. Federal Reserve, just as months of anti-government protests and fallout from U.S.-China trade tensions start to take a toll on the economy. ** The rate cut comes after more than 100 days of anti-government protests in the city, with violence escalating over the summer. ** Last weekend, police fire
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