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2021-07-20

Oh no!

Hong Kong shares end lower as virus surge hits risk appetite

Hang Seng index ends down 0.84% China Enterprises index HSCE falls 0.94% Property sector down 1.1%;

Hong Kong shares end lower as virus surge hits risk appetite

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The Hang Seng China Enterprises index fell 0.94% to 9,864.57.</p>\n<p>A sub-index of the Hang Seng tracking energy shares dipped 2.3%, while the IT sector fell 0.91%, the financial sector ended 0.8% lower and the property sector dropped 1.08%.</p>\n<p>The property sector was hit by concerns about cashflow at <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> , which slumped 10.23% to be the biggest H-shares percentage decliner. 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The Hang Seng China Enterprises index fell 0.94% to 9,864.57.</p>\n<p>A sub-index of the Hang Seng tracking energy shares dipped 2.3%, while the IT sector fell 0.91%, the financial sector ended 0.8% lower and the property sector dropped 1.08%.</p>\n<p>The property sector was hit by concerns about cashflow at <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> , which slumped 10.23% to be the biggest H-shares percentage decliner. The company's bonds also tumbled.</p>\n<p>Worries over Evergrande's financial health persisted even after a local housing authority removed an earlier sales suspension at two real estate projects.</p>\n<p>Adding to indications that Chinese policymakers are avoiding a new round of easing, China kept its benchmark lending rate for corporate and household loans unchanged at its July fixing on Tuesday, despite growing expectations for a cut.</p>\n<p>The top gainer on the Hang Seng was Haidilao International Holding Ltd , which gained 3.46%, while the biggest loser was <a href=\"https://laohu8.com/S/ALBBY\">Alibaba Health Information Technology Ltd</a> , which fell 7.39%.</p>\n<p>China's main Shanghai Composite index closed down 0.07% at 3,536.79 points, while the blue-chip CSI300 index&nbsp;ended down 0.09%.</p>\n<p>Around the region, MSCI's Asia ex-Japan stock index&nbsp;was weaker by 0.6%, while Japan's Nikkei index&nbsp;closed down 0.96%.</p>\n<p>The yuan was quoted at 6.4821 per U.S. dollar at 0818 GMT, 0.13% firmer than the previous close of 6.4905.</p>\n<p>(Reporting by Andrew Galbraith; editing by Uttaresh.V)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152664703","content_text":"Hang Seng index ends down 0.84% China Enterprises index HSCE falls 0.94% Property sector down 1.1%; financial sector falls 0.8%.\n\nJuly 20 (Reuters) - Hong Kong shares closed lower on Tuesday, as property shares fell on worries around developer Evergrande, while fears of a hit to global growth from higher Delta variant coronavirus cases hurt sentiment.\nThe Hang Seng index ended down 230.53 points or 0.84% at 27,259.25. The Hang Seng China Enterprises index fell 0.94% to 9,864.57.\nA sub-index of the Hang Seng tracking energy shares dipped 2.3%, while the IT sector fell 0.91%, the financial sector ended 0.8% lower and the property sector dropped 1.08%.\nThe property sector was hit by concerns about cashflow at China Evergrande Group , which slumped 10.23% to be the biggest H-shares percentage decliner. The company's bonds also tumbled.\nWorries over Evergrande's financial health persisted even after a local housing authority removed an earlier sales suspension at two real estate projects.\nAdding to indications that Chinese policymakers are avoiding a new round of easing, China kept its benchmark lending rate for corporate and household loans unchanged at its July fixing on Tuesday, despite growing expectations for a cut.\nThe top gainer on the Hang Seng was Haidilao International Holding Ltd , which gained 3.46%, while the biggest loser was Alibaba Health Information Technology Ltd , which fell 7.39%.\nChina's main Shanghai Composite index closed down 0.07% at 3,536.79 points, while the blue-chip CSI300 index ended down 0.09%.\nAround the region, MSCI's Asia ex-Japan stock index was weaker by 0.6%, while Japan's Nikkei index closed down 0.96%.\nThe yuan was quoted at 6.4821 per U.S. dollar at 0818 GMT, 0.13% firmer than the previous close of 6.4905.\n(Reporting by Andrew Galbraith; editing by Uttaresh.V)","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}