News Formal

Stock market today: Asian shares fall back amid selling of China property shares

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa News News

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

Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry. China Vanke lost 1.2%, while Country Garden Holdings gave up 2%. Hong Kong-based Sun Hung Kai Properties shed 2.4%. Chinese services data came in weaker than expected, dulling hopes for a rebound i

Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday.Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry.

Hong Kong's Hang Seng index declined 1.4% to 18,575.00 while the Shanghai Composite index fell 0.6% to 3,157.86. Investors are watching for comments by European Central Bank chief Christine Lagarde and others later Tuesday.

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:

 /  🏆 47. 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.

Chinese Stocks in Hong Kong Jump After More Property EasingChinese stocks listed in Hong Kong advanced on Monday after the nation rolled out further property support measures including lower down payments for homebuyers and looser mortgage rules at major cities.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Hong Kong’s Stock Market Liquidity Task Force to Meet This WeekHong Kong’s stock-market liquidity task force will hold its first meeting this week to study methods to expand capital sources and flows, attract more high-quality listings and boost efficiency and competitiveness, the city’s financial secretary Paul Chan wrote in a blog Sunday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »