reaPT Equityworld-The movement of stock markets in Hong Kong observed to weaken in the third trading day, Wednesday (12/10/2016), in line with the company's continued weakness in the property and financial stocks amid fears of a US rate hike.
On the other hand, the image of a weak performance of the yuan helped weigh on the Chinese mainland companies listed in Hong Kong. The Hang Seng Index opened lower today by 0.69% or 162.60 points to 23386.92 position. Its movement continues to slump 1.09% or 257.60 points to 23291.92 at 11:05 GMT. A total of six stocks advanced, 42 stocks fell, and 2 stagnant stock of 50 stocks traded on the Hang Seng this afternoon. read : PT Equityworld : Japan's Nikkei Stock Index in early trading on Wednesday (12/10/2016) opened down Shares of Tencent Holdings Ltd. which dropped 2.04% to prime suppressor attenuation Hang Seng, followed by China Construction Bank Corp. which slipped 1.73%, Industrial & Commercial Bank of China Ltd. which dropped 2.44%, and Bank of China Ltd. which fell 2.80%. As reported by Bloomberg today, the index of Hong Kong real estate company moves towards its longest series of weakening in almost two months, led by Sino Land Co. and Wharf Holdings Ltd. AAC Technologies Ltd., which fell to its lowest level in two months. Rising expectations that the US central bank the Federal Reserve will raise its benchmark interest rate this year has spurred the dollar lately as well as performance encumber property development company. "Hong Kong property company shares have been corrected after the rally. The strengthening dollar and weakening yuan weighed on stock harag Chinese companies listed in Hong Kong, "said Daniel So, a strategist CMB International Securities Ltd.
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