138 days ago • Posted by William Ramstein

Hong Kong stocks smacked as Sino-US tensions increase

Hong Kong stocks ended lower on Monday on worries over China-U.S. tensions, although losses were capped by policy support from Beijing. The Hang Seng index fell 0.7% to 26,306.68, while the China Enterprises Index lost 0.8% to 10,401.83.U.S. lawmakers will back $1.9 billion to fund a program to remove telecom network equipment that the U.S. government says poses national security risks as part of a $900 billion COVID-19 relief bill, two sources briefed on the matter said on Sunday. The Hang Seng telecommunications index fell 2.4% after the news. Hong Kong shares in China’s top chipmaker SMIC dropped 3.8% after the company said on Sunday that being put on a U.S. trade blacklist would pose a significant adverse impact to its research and development in its 10-nanometer and more advanced chip technology. Source: Reuters

HONGKONG crash

 

#Stocks #Forex #Macro
HANG SENG INDEX FALLS USA
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