Hong Kong stock market finished session deep in the red on Thursday, 28 January 2021, joining the sell-off in global markets, on tracking negative lead from Wall Street overnight after the Federal Reserve flagged a potential slowdown in the economic recovery.
At closing bell, the benchmark Hang Seng Index declined 2.55%, or 746.76 points, to 28,550.77. The Hang Seng China Enterprises Index dropped 2.72%, or 317.21 points, to 11,334.03.
U.
S. stocks suffered their biggest single-day percentage drop in three months on Wednesday, with concerns about the impact of new, more contagious coronavirus strains, vaccine delays and stimulus uncertainty weighing on the markets.
Sentiments were also dampened by the US Federal Reserve, which left borrowing costs unchanged at its policy meeting, without promising any fresh monetary stimulus to counter the economic slump caused by the raging Covid-19 pandemic. The US economy was still a long way from full recovery and short of the inflation and
More than half of the world s airline pilots are no longer flying for a living amid the plunge in demand during the coronavirus pandemic, according to a new survey, and those that are still flying feel less valued by their employers.
A poll of nearly 2,600 pilots by UK-based GOOSE Recruitment and industry publication FlightGlobal, released on Thursday, found only 43% were doing the job they had trained for, with 30% unemployed, 17% furloughed and 10% in roles that didn t involve flying.
Many pilots who are still flying have faced deteriorating working conditions. Hong Kong s Cathay Pacific Airways, for example, instituted permanent pay cuts of up to 58%, and Turkish Airways and Singapore Airlines have temporarily lowered salaries.
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