News Formal

Hong Kong: Stocks fall as financial, consumer firms retreat

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

[HONG KONG] Hong Kong stocks reversed earlier gains to end lower on Monday, weighed down by financial and consumer staples firms. Read more at The Business Times.

Industrial and Commercial Bank of China, the world's largest commercial lender by assets, fell 3.6 per cent.The Hang Seng consumer staples index closed down 2.3 per cent, after rising as much as 1.7 per cent in early morning trade.

China's factory activity grew at a slower pace in August as floods across southwestern China disrupted output, but the services sector expanded at a solid rate in a boost to the economy.

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:

 /  🏆 15. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Hong Kong: Stocks rally at open[HONG KONG] Hong Kong stocks rallied more than one per cent after opening Monday morning as data showed a better-than-expected improvement in Chinese factory activity during August. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong dividend stocks no longer in favour as payouts slashedDIVIDEND investors are having to rethink their strategies in Hong Kong's stock market, as companies mired in a pandemic-driven recession are slashing payouts more than before. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »