China's blue-chip stocks eased on Friday, snapping a four-week winning streak, as worries over Sino-U.S. tensions and a surge in COVID-19 cases weighed on investor sentiment.
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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