Hong Kong stocks rise on Beijing stimulus hopes [Reuters (UK)]
CHINA UNICOM (CHU)
US:NYSE Investor Relations:
chinaunicom.com.hk/en/ir/presentations.php
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Source: Reuters
Hong Kong stocks rise on Beijing stimulus hopes | Reuters 2 Min Read SHANGHAI, March 6 (Reuters) - Hong Kong shares rose on Wednesday bolstered by optimism Beijing will pursue more stimulus measures this year to prop up a cooling economy, while investors watched for developments in the Sino-U.S. trade talks. ** The Hang Seng index rose 0.3 percent to 29,037.60, while the China Enterprises Index gained 0.1 percent to 11,592.03 points. ** China’s state planner said on Wednesday the government will implement measures to further boost domestic consumption this year. ** Beijing announced billions of dollar in tax cuts and infrastructure spending on Tuesday to reduce the risk of a sharper economic slowdown. ** U.S. Secretary of State Mike Pompeo said on Monday he thought the United States and China were “on the cusp” of a deal to end their trade war. Pompeo added on Tuesday that “Things are in a good place, but it’s got to be right.” ** The sub-index of the Hang Seng tracking energy shares
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