Hong Kong stocks flat ahead of trade talks; Tencent stabilises [Reuters]
CHINA UNICOM (CHU)
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chinaunicom.com.hk/en/ir/presentations.php
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Source: Reuters
Hong Kong stocks flat ahead of trade talks; Tencent stabilises | Reuters 2 Min Read March 22 (Reuters) - Hong Kong stocks recouped losses to end largely unchanged on Friday, boosted by a late-session rally in index-heavyweight Tencent Holdings, as caution reigned ahead of a fresh round of Sino-U.S. trade talks. ** The Hang Seng index rose 0.1 percent to 29,113.36, while the China Enterprises Index lost 0.2 percent to 11,517.48 points. ** A U.S. trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on March 28-29 for the next round of negotiations, China’s commerce ministry said on Thursday. ** Sentiment improved after Tencent reversed early losses in late afternoon trading. The stock had dropped after its sharpest-ever quarterly profit fall and slowest annual profit growth in 13 years. ** The sub-index of the Hang Seng tracking energy shares dipped 0.3 percent, while the IT sector rose 0.7 percent, the financial sector
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