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Hong Kong stocks pare gains as weak China economic data bites


Wednesday, 14 August 2019 16:12 WIB

SahamHongkong IndeksHangSengHSIHang Seng China Enterprises


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Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession, while protests continued to roil the island city.

The Hang Seng index ended up 0.1% at 25,302.28, while the China Enterprises Index gained 0.2% to 9,866.18.

The benchmark HSI started the day 1.7% higher, after Washington delayed tariffs on some Chinese imports.

U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.

Source : Reuters


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