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Hong Kong stocks fall most in two weeks as US expands China blacklist, COVID-19 crisis deepens

Posted : 2020-12-22 15:40 Updated : 2020-12-22 17:12 US-China trade frictions and lingering Covid-19 fallout put sentiment in check in an otherwise bullish quarter for global stock market. South China Morning Post By Iris Ouyang Hong Kong stocks fell by the most in two weeks as frictions between the US and China escalated with more Chinese companies put on a trade blacklist and the coronavirus pandemic worsened in Europe. The Hang Seng Index slipped 0.7 per cent to 26,306.68, trimming the advance this quarter to 12.1 per cent. Benchmarks in the UK fell by more than 1 per cent while stocks in Europe retreated by 2 per cent in early trading and futures on US equities signalled losses in cash markets.

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Asian shares extend losses on US blacklist, spread of v

The Shanghai Composite index dropped nearly 2% on Tuesday and other regional markets also were mostly lower. The Commerce Department announced it was including 103 entities on a new “Military End User list, including 58 Chinese and 45 Russian companies. Such a designation requires special licensing for exports and other sales of designated products to the listed companies to prevent certain technologies from being used by foreign militaries in China, Russia or Venezuela, it said. Many of the companies are related to aviation and shipbuilding. But the list adds to trade and financial sanctions and other controls that have taken relations between Washington and Beijing to their worst level in decades.

United statesHong kongUnited kingdomCity ofStephen innesDonald trumpBoris johnsonCommerce departmentYork mercantile exchangeSemiconductor manufacturing international corpNew york mercantile exchangeShanghai compositeSemiconductor manufacturing internationalHang sengMinister boris johnsonPresident donald

Asian shares extend losses on US blacklist, spread of virus

Asian stocks gain after Trump criticizes economic aid bill By JOE McDONALDDecember 23, 2020 GMT BEIJING (AP) Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. Shanghai, Tokyo, Hong Kong and South Korea advanced in light trading ahead of this week’s Christmas holiday. Overnight, Wall Street’s benchmark S&P 500 index lost 0.2% after Trump criticized the aid plan approved by Congress. He urged lawmakers to raise payments to the public. “Hopes for an unambiguous ‘Santa rally’ have been tragically hijacked,” said Mizuho Bank in a report. Meanwhile, investor nerves were rattled by the emergence of a new variant of the coronavirus in Britain that spreads more easily. That has prompted some 40 governments to ban travelers from Britain.

United statesHong kongUnited kingdomCity ofStephen innesDonald trumpBoris johnsonCommerce departmentYork mercantile exchangeSemiconductor manufacturing international corpNew york mercantile exchangeShanghai compositeSemiconductor manufacturing internationalHang sengMinister boris johnsonPresident donald

Westerners wary of travelling to China amid worries threat of detention

Westerners wary of travelling to China amid worries threat of detention
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Asian shares extend losses on US blacklist, spread of virus » Borneo Bulletin Online

Asian shares extend losses on US blacklist, spread of virus » Borneo Bulletin Online
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