Thursday, 15 August 2019 04:04 WIB |
MARKET UPDATE |HANG SENGSahamHongkong
Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump™s trade concession, while protests continued to roil the island city.
The Hang Seng index ended up 0.1% at 25,302.28, while the China Enterprises Index gained 0.2% to 9,866.18.
The benchmark HSI started the day 1.7% higher, after Washington delayed tariffs on some Chinese imports.
U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.
Source : Reuters