PT Equityworld - At the end of the Hong Kong stock exchange trading on Friday (21/01), the Hang Seng index closed down -164.05 points, or -0.71 percent at 22885.91. Hong Kong shares ended the week with a slightly fell and busted three weeks of gains on Friday, as investors were wary ahead pelenatikan Donald Trump as the 45th US president later that night.
The Hang Seng Index lost 0.2 percent this week. Weakening thin case with pull pulling sentiment associated Hard Brexit, well before the speech British Prime stressful exchanges, as well as British Prime Minister's speech which eased fears of Hard Brexit and lifted the stock. But the statement of US Fed Chairman Janet Yellen, which signaled US interest rate hikes, again pressed the Hong Kong bourse. There was little reaction to news late afternoon where China's five largest banks have agreed to temporarily lower the amount of money they must hold in reserve, to ease tight liquidity ahead of the Lunar New Year holiday. Sensitive stocks including property developers and utility companies retreated more than 0.8 percent on Friday after Federal Reserve Chairman Janet Yellen said the US central bank should continue to raise interest rates gradually to keep jobs plentiful and low inflation. Hong Kong interest rates usually follow the United States, thanks to the currency peg to the greenback. Energy stocks extended losses Thursday and fell more than 1.2 percent, partly dragged down by index heavyweights such as PetroChina Co Ltd and CNOOC Ltd While the movement of the Hang Seng index futures tracked down -125.00 points or -0.54 percent at 22,927,00 down from the previous closing at 23,052.00. also read Inauguration Presidin Donald Trump European Stock Markets Mixed | PT Equityworld
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