[HONG KONG] Hong Kong stocks finished sharply lower Friday, with market heavyweight Tencent battered by President Donald Trump's decision to ban Americans from doing business with the platform, clouding its outlook.
The benchmark Shanghai Composite Index sank 0.96 per cent, or 32.43 points, to 3,354.04, while the Shenzhen Composite Index on China's second exchange dropped 1.38 per cent, or 31.86 points to 2,272.66.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tencent loses US$46 billion as WeChat ban rocks China, Hong Kong stocks and yuanSHANGHAI (BLOOMBERG, REUTERS) - The Trump administration's move to ban US residents from doing business with Tencent Holdings' WeChat app rippled through Chinese markets, on Friday (Aug 7) erasing US$46 billion (S$63 billion) from the Internet giant's market value and sending the yuan to its biggest slump in two weeks.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hong Kong: Stocks end lower[HONG KONG] Hong Kong stocks closed lower Thursday following recent gains and on concerns about China-US tensions, while investors are keeping a wary eye on US stimulus talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks finish higher[HONG KONG] Hong Kong stocks extended the previous day's rally Wednesday as investors track talks in Washington to draw up a new US stimulus package. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »