Monday, 2 September 2019 15:48 WIB |
MARKET UPDATE |HANG SENGSahamHongkongIndeks Shanghai Composite
Hong Kong stocks sank on Monday, with property firms among the worst hit after the city was gripped by another weekend of violence that saw protesters battle police in the streets and cause more disruption at the airport.
Pro-democracy campaigners also caused chaos on the underground rail system in the morning and have called for another general strike as the three-month movement shows no sign of letting up.
The Hang Seng Index ended down 0.38 percent, or 98.18 points, at 25,626.55, with uncertainty over the China-US trade row also weighing.
The unrest is beginning to bite as tourist numbers fall, impacting a range of businesses, with property and casino companies among the worst hit.
Henderson Land shed 1.1 percent, Sino Land dived 3.39 percent and Swire Properties retreated 0.39 percent, while casino giant Wynn Macau sank 2.42 percent, Sands China fell 2.11 percent and Galaxy Entertainment dropped 1.02 percent.
Shanghai's benchmark composite index rose 1.31 percent, or 37.87 points, to 2,924.11 , while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 2.26 percent, or 35.67 points, to 1,614.92.
Source : AFP