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Stock impact report

China, HK stocks fall after Wall St selloff, geopolitical tensions weigh [Reuters]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Reuters
** China's blue-chip index CSI300 lost 1.5% and the Shanghai Composite Index declined 1.4%. Both indices posted their biggest daily percentage loss since May 24, but they are still nearly 20% away from their April 27 lows. ** Hong Kong's benchmark index Hang Seng lost 1.9%. The Hang Seng tech index slumped 3.3% after touching a near four-month high in the previous session. ** The benchmark S&P 500 tumbled 2% overnight as dire consumer confidence data dampened investor optimism and fuelled worries over recession and the looming earnings season. ** Meanwhile, U.S. President Joe Biden's administration added five companies in China to a trade blacklist on Tuesday for allegedly supporting Russia's military and defense industrial base. ** “Geopolitical tensions between China and other major economics, especially the U.S. and its allies, will likely remain elevated,” rating agency Moody's said on Wednesday. ** The strong rebound in the previous session was triggered by hopes that Show less Read more
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