Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry. China Vanke lost 1.2%, while Country Garden Holdings gave up 2%. Hong Kong-based Sun Hung Kai Properties shed 2.4%. Chinese services data came in weaker than expected, dulling hopes for a rebound i
Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday.Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry.
Hong Kong's Hang Seng index declined 1.4% to 18,575.00 while the Shanghai Composite index fell 0.6% to 3,157.86. Investors are watching for comments by European Central Bank chief Christine Lagarde and others later Tuesday.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese Stocks in Hong Kong Jump After More Property EasingChinese stocks listed in Hong Kong advanced on Monday after the nation rolled out further property support measures including lower down payments for homebuyers and looser mortgage rules at major cities.
Read more »
Hong Kong’s Stock Market Liquidity Task Force to Meet This WeekHong Kong’s stock-market liquidity task force will hold its first meeting this week to study methods to expand capital sources and flows, attract more high-quality listings and boost efficiency and competitiveness, the city’s financial secretary Paul Chan wrote in a blog Sunday.
Read more »
L’Occitane Halts Trading in Hong Kong as Take-Private Bets SwellL’Occitane International SA halted trading in Hong Kong ahead of an announcement that may spell out details on the French skin-care company’s potential take-private plan.
Read more »
China's Moutai, Luckin launch alcohol-tinged latte to woo young Chinese consumersKweichow Moutai and coffee brand Luckin Coffee on Monday launched in China a latte advertised as containing the fiery Chinese spirit baijiu, as the Chinese luxury liquor maker aims to pull in more younger consumers. The 38 yuan ($5.23) 'sauce-flavoured latte', which Luckin discounted to 19 yuan on the first day of sales, was one of the most discussed topics on Chinese social media platform Weibo, with several users saying they had placed orders. Moutai, known as the national liquor of China, is a potent, colourless spirit that is usually served at banquets in China, and drinkers say that the flavour and aroma of Kweichow Moutai's version are similar to soy sauce.
Read more »
China's Moutai, Luckin launch alcohol-tinged latte to woo young Chinese consumersBy Sophie Yu and Brenda Goh BEIJING (Reuters) - Kweichow Moutai and coffee brand Luckin Coffee on Monday launched in China a latte advertised as ...
Read more »
The latest numbers on the microchip shortage: Most cuts in AsiaMicrochip shortages continued to trip up automakers in China and Asian markets outside of China.
Read more »