HSI Falls Over Worries About Hong Kong's Status

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2020-07-15 HKT 09:36

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  • The Hang Seng Index gave up early gains and ended in red by noon. File photo: RTHK

    The Hang Seng Index gave up early gains and ended in red by noon. File photo: RTHK

Hong Kong stocks went into the break with more losses on Wednesday on concerns about the city's future after Donald Trump removed its special trading status, while it also struggles with a new spike in virus cases.

The Hang Seng Index fell 0.6 percent, to 25,337.

"In the longer term, this adds another needless layer of uncertainty to already frosty Sino-US relationships, especially with regards to trade," said Justin Tang, head of Asian research at United First Partners.

"Against the backdrop of Covid-19-related disruptions, an escalation of trade wars will plunge supply chains into further disarray," he said.

On the mainland, the Shanghai Composite Index slipped 0.4 percent, to 3,401, while the Shenzhen Composite Index shed 0.8 percent, to 2,291.

Tokyo went into the break 1.4 percent higher, while Sydney and Singapore also added more than 1 percent. Seoul, Taipei, Jakarta and Wellington also rose. (AFP)

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Last updated: 2020-07-15 HKT 13:45

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