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As on Aug 20, 2019 12:00 AM Your results on : Foreign Markets    
Hong Kong Market snaps four-session winning streak
20-Aug-2019 (16:03)
The Hong Kong share market finished softer after swinging between gains and losses on Tuesday, 20 August 2019, snapping a four-session winning streak, weighed down by financials and property developers stocks, offsetting gains in electronics stocks after temporary suspension of a ban Huawei and its suppliers. At closing bell, the Hang Seng Index advanced 0.94%, or 238.76 points, to 25,734.22. The Hang Seng China Enterprises Index rose 0.61%, or 60.89 points, to 9,964.30.

Shares of banks declined, amid concern that the central bank's reform of the loan prime rate would squeeze lenders' interest rate margins and erode their profits.The People's Bank of China (PBOC) debuted its new loan prime rates (LPR) under a new mechanism that was unveiled over the weekend. The new 1-year LPR was set at 4.25%, as compared to 4.31% previously. The 5-year LPR was at 4.85%. HSBC Holdings (5 HK), the largest bank in Europe and Hong Kong, declined 1% to HK$57.4, while insurer AIA Group (1299 HK) shed 1.1% to HK$77.4.

Property developers also suffered amid a gloomy outlook for housing prices in the city. Sun Hung Kai Properties (16 HK), Hong Kong's largest developer by capitalisation, dropped 2.1% to HK$116.7.

Suppliers of smartphone components to Huawei gained. Sunny Optical Technology (2382 HK) was up 4.9% to HK$105.6 and AAC Technologies Holdings (2018 HK) finished 3.2% higher at HK$38.5.

Pharmaceutical counters were higher. CSPC Pharmaceutical (01093) saw strong orders after it reported strong results. It ended up 11% to HK$14.4. Sino Biopharmaceutical (01177) gained 1.7% to HK$10.1. WuXi AppTec (02359) jumped 3.8% to HK$80.95. China Resources Pharmaceutical (03320) put on 1.4% to HK$8.13. WuXi Biologics (02269) added 0.7% to HK$83. 3SBio Inc. (01530) added 1.6% to HK$12.58.

China Market ends softer
20-Aug-2019 (15:48)
Japan Nikkei extends gain to third day
20-Aug-2019 (09:27)
Australia Market extends gain on global stimulus talk, trade optimism
20-Aug-2019 (09:19)
Hong Kong Market surges as trade progress, Shenzhen plan boost sentiment
19-Aug-2019 (17:46)
China Market start the week on a high note
19-Aug-2019 (13:03)
Australia Stocks surge as Asian peers rise, energy firms lead
19-Aug-2019 (12:14)
Japan Nikkei gains as Asian peers rise on stimulus policy
19-Aug-2019 (11:49)
Hong Kong Market gains 0.94%
16-Aug-2019 (16:18)
China Market gains on stimulus hopes
16-Aug-2019 (16:07)
Australia Stocks end softer on recession fears
16-Aug-2019 (12:44)
Japan Nikkei ends in green as buybacks offset global recession woes
16-Aug-2019 (11:55)
Stocks Edge Higher In Australia On Firm Global Cues
14-Aug-2019 (13:35)
Nikkei Rises From One Week Low, Yen Eases
14-Aug-2019 (13:26)
Chinese Stocks Ease After Impressive Surge Yesterday
13-Aug-2019 (14:59)
Australian Stocks Slip, Banks Slide
13-Aug-2019 (12:43)
China Market falls 0.71%
09-Aug-2019 (14:05)
Australia Market rises on firm offshore lead
09-Aug-2019 (10:06)
Japan Market shines on solid GDP data
09-Aug-2019 (09:46)
Hong Kong: Market gains for second day
08-Aug-2019 (19:26)
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