Hong Kong equities inched down despite stimulus speculation

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Hong Kong equities eased down on Wednesday as global growth worries outweighed hopes that the POBC will embark on extra stimulus measures to boost economy. Pushing China's shares lower, US and Japanese companies are likely to have incurred losses in Q3. The Hang Seng Index inched down 0.08% to end the session at 20,919.60. Five out of nine sectors included in the index climbed. The top-performers were oil and gas and basic materials sectors. CNOOC  and PetroChina added 0.65% and 0.59% after crude oil prices rallied more than 3% on supply concerns form the Middle East. Meanwhile, financials were little changed, with Bank of China gaining 1.37% and Bank of East Asia falling by 0.69%. On the downside were consumer goods and telecommunications. China Resources Enterprise and Want Want China Holdings dropped 0.98% and 1.89% while China Mobile and China Unicom Hong Kong lost 0.82% and 0.62%.

 

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