HK Stocks Tumble As Focus Shifts To G7
"); jQuery("#212 h3").html("
"); });
2018-06-08 HKT 17:08
Hong Kong stocks tumbled on Friday after a six-day winning streak as investors cashed out ahead of a much-anticipated Group of Seven summit this weekend.
The Hang Seng Index fell 1.8 percent, to 30,958.
On the mainland, the Shanghai Composite Index lost 1.4 percent, to 3,067 and the Shenzhen Composite Index eased 0.9 percent, to 1,751.
Most Asian markets retreated at the end of a broadly positive week, with traders turning their attention to a Group of Seven summit in Quebec, Canada that could see world leaders clash with Donald Trump over his latest tariff provocations.
Japan's Nikkei ended 0.6 percent down with dealers unmoved by news confirming Japan's economy shrank for the first time in two years in January-March.
Sydney lost 0.2 percent, Singapore was down one percent and Seoul dropped 0.8 percent. Taipei, Manila and Jakarta were also sharply lower. (AFP)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more