Wednesday, 14 March 2018 16:09 WIB |
MARKET UPDATE |HANG SENGSaham Hong KongHang Seng China EnterprisesIndeks Hang Seng
Hong Kong stocks fell on Wednesday, breaking a four-day rising streak, as fears of a Sino-U.S. trade war outweighed optimism from China's solid economic data.
The Hang Seng index fell 0.5 percent to 31,435.01, while the China Enterprises Index lost 0.5 percent to 12,684.52 points.
U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports in the very near future and will target the technology and telecommunications sectors, Reuters reported on Tuesday. Also fuelling fears of a trade war, Trump has fired his Secretary of State, regarded as a moderate in his administration.
Investors shrugged off stronger-than-expected data from China which showed the country™s industrial output expanded at a surprisingly faster pace at the start of the year. Fixed asset investment also handily beat forecasts, while retail sales improved from December.