Hong Kong Stocks Closed Lower Amid Protest Worries

Photo by M. B. M. on Unsplash

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.

Written by

Cheryl Toh

Last updated on

August 23rd 2019, 10:08 am

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