Arab Today, arab today hong kong stocks slump 228 tuesday
Last Updated : GMT 22:44:04
Arab Today, arab today
Arab Today, arab today

Hong Kong stocks slump 2.28% Tuesday

Arab Today, arab today

Arab Today, arab today Hong Kong stocks slump 2.28% Tuesday

Hong Kong - XINHUA

Tracking losses on Wall Street overnight, Hong Kong stocks slumped Tuesday on speculation that a reduction in the U.S. Federal Reserve\'s bond purchases would hurt demand for emerging market assets. The benchmark Hang Seng Index plunged 511.32 points, or 2.28 percent, to close at 21,952.38 points, after trading between 22,481.74 and 21,907.21. Turnover totaled 63.62 billion HK dollars (8.21 billion U.S. dollars). The Hang Seng China Enterprises Index fell 310.35 points, or 3.04 percent, to close at 9,888.73. Four major sub-indices all lost ground, with the Finance sub-index falling the most by 2.41 percent, followed by the Commerce and Industry 2.18 percent and the Properties 2.15 percent. The Utility shed 1.97 percent. Local lenders led the declines. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, shed 1.46 percent to 84.65 HK dollars, while its local unit Hang Seng Bank closed 1.62 percent lower at 121.7 HK dollars. Bank of East Asia, another Hong Kong\'s major bank, closed down 1.44 percent to 30.8 HK dollars. Local bourse operator HKEX declined 1.67 percent to 123.6 HK dollars. Developers also posted lackluster performance. SHK Properties was down 1.83 percent to end at 102 HK dollars. Henderson Land, another major developer in Hong Kong, retreated 2.49 percent to 46.95 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, slid 2.02 percent to 111.7 HK dollars. As for mainland-based financial stocks, Industrial and Commercial Bank of China, the world\'s largest bank by market value, dropped 2.83 percent to 5.15 HK dollars. China Construction Bank, the country\'s second largest lender, ended the day 2.86 percent lower at 5.78 HK dollars, while Bank of China closed down 1.21 percent at 24.55 HK dollars. PetroChina, the country\'s largest oil and gas producer, slumped 3.69 percent to 8.61 HK dollars. (1 U.S. dollar equals 7.75 HK dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong stocks slump 228 tuesday Arab Today, arab today hong kong stocks slump 228 tuesday

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong stocks slump 228 tuesday Arab Today, arab today hong kong stocks slump 228 tuesday

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday