Hong Kong stocks end down amid trade, economic woes

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Oct 15 (Liberal Tribune) – Hong Kong stocks slipped on Tuesday in stresses over China’s economic health and vulnerabilities around Sino-U.S. exchange talks, however, losses were constrained as the city’s national bank cut banks’ capital buffer to help the economy.

  • HK-Shanghai Connect daily quota used 5.9%
  • Shanghai-HK daily quota used 2.8%
  • HSI -0.1%, HSCE -0.1%, CSI300 -0.4%

Related: Trump to meet China envoy, lifting hopes for trade talks.

Hong Kong stocks end down amid trade

The Hang Seng list fell 0.1%, to 26,503.93, while the China Enterprises Index lost 0.1%, to 10,500.17 focuses.

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The Hong Kong Monetary Authority (HKMA) has cut the money that banks must keep as stores, releasing an extra HK$200-300 billion ($25.50-38.24 billion) into the more extensive economy, which has been hit by months-long fights and the Sino-U.S. exchange war.

China’s factory-gate prices declined at its quickest pace in over three years in September, reinforcing the case for Beijing to uncover further upgrade as assembling cools on weak demand and U.S. exchange pressures.

Also, See: Chinese yuan slides more, trade war clouds escalate.

Questions stayed concerning whether China and the United States could reach a strong arrangement to end they’re more than a one-year-long trade war.

U.S. Treasury Secretary Steven Mnuchin said on Monday that an extra round of taxes on Chinese imports would probably be forced if an economic agreement with China had not been come to by, at that point, however, included that he anticipated that the understanding should experience.

Around the locale, MSCI’s Asia ex-Japan stock file was firmer by 0.04%, while Japan’s Nikkei list quit for the day.

The yuan was at 7.0756 per U.S. dollar at 08:14 GMT, 0.12% flimsier than the past close of 7.067.

At close, China’s A-shares were exchanging including some built-in costs of 29.92% over Hong Kong-recorded H-shares.

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