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Stock impact report

Hong Kong shares end at 2-month low on tariff hike fears [Reuters]

CHINA TELECOM (CHA) 
Company Research Source: Reuters
Hong Kong shares end at 2-month low on tariff hike fears - Reuters 4 Min Read * Hang Seng index ends down 2.39 pct * China Enterprises index HSCE falls 2.27 pct * HSI financial sector sub-index 2.9 pct lower * Property sector down 2.1 pct May 9 (Reuters) - Shares in Hong Kong ended sharply lower on Thursday as investors worried over whether Chinese and U.S. trade negotiators will be able to salvage a trade deal before a looming deadline for fresh U.S. tariff hikes on Chinese goods. ** At the close of trade, the Hang Seng index was down 692.13 points or 2.39 percent at 28,311.07, its lowest close since March 8. The drop brought losses for the index to 5.9 percent for the week so far. The Hang Seng China Enterprises index fell 2.27 percent to 10,845.06. ** Trading volumes surged, with about 3.00 billion Hang Seng index shares traded, roughly 176.8 percent of the market’s 30-day moving average of 1.70 billion shares a day. ** U.S. President Donald Trump said on Wednesday China “broke the Show less Read more
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