Hong Kong stocks pare gains as weak China economic data bites
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

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