Hong Kong stocks closed lower on Thursday (22 Aug), amid persistent worries over political protests with the Hang Seng index fallin 0.8% to 26,048.72 – according to Reuters. Meanwhile, the China Enterprises Index lost 0.5% to 10,122.90.
Amongst the Sino-U.S. trade tension, Hong Kong banks have published full-page newspaper ads calling for law and order in the Chinese-ruled city. Additionally, international jewellers have sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of relaxing.
“Real estate and services companies, seen vulnerable to protests, led the losses for the day. The Hang Seng properties index dropped 1.9%, led by Henderson Land Development losing 3.1%,” the report stated. Investors were also concerned by the developments on the trade war front.