Hong Kong stock market finished session higher on Tuesday, 29 December 2020, as risk appetite improved after President Donald Trump signing of long-awaited $900 billion economic aid package and a landmark Brexit trade deal between European Union and the U. K..
At closing bell, the benchmark Hang Seng Index advanced 0.96%, or 253.86 points, to 26,568.49. The Hang Seng China Enterprises Index grew 1.34%, or 137.69 points, to 10,449.17.
US President Donald Trump signed a $900 billion economic aid package on Monday, helping to staunch uncertainty as governments reimpose pandemic-fighting travel and business curbs that threaten to weigh on global economic activity. The package also includes $1.4 trillion to fund government agencies, averting a federal government shutdown that otherwise would have started Tuesday.
Hong Kong stock market finished session in the red on Monday, 28 December 2020, as positivity over a massive US Covid-19 relief bill was dampened by regulatory concerns in tech firms after China s central bank called for an overhaul at Ant Group.
At closing bell, the benchmark Hang Seng Index fell 0.27%, or 71.93 points, to 26,314.63. The Hang Seng China Enterprises Index dropped 1.14%, or 119.05 points, to 10,311.48.
US President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a partial federal government shutdown.
Investors assessed the impact of Beijing s clamp down on monopolistic behaviour in the technology sector after the government recently stepped up its regulation of the country s internet and technology sectors. Chinese regulators have ordered Ant Group, the world s largest financial technology company, to rectify its businesses and comply with regulatory req
Headline indices of the Hong Kong stock market finished session lower on Tuesday, 22 December 2020, as risk aversion selloff triggered on concerns over persisting Sino-U. S. tensions and a more contagious new strain of the coronavirus found in the UK hurting swift global economic recovery.
At closing bell, the benchmark Hang Seng Index fell 0.72%, or 191.92 points, to 26,306.68. The Hang Seng China Enterprises Index dropped 0.78%, or 81.51 points, to 10,401.83.
Countries across the globe shut their borders to Britain on Monday due to fears about a highly infectious new coronavirus strain, causing travel chaos and raising the prospect of food shortages days before Britain is set to leave the European Union. Investors are worried that the mutation of the Covid-19 strain will make the situation more difficult to control.
Headline indices of the Hong Kong stock market finished session lower on Monday, 21 December 2020, as selling on concerns over frictions between the US and China trade spat and rising COVID-19 infections in Britain and parts of North Asia. However, market losses capped amid positive news of U. S. lawmakers accomplishment of an agreement on further stimulus measures to underpin the pandemic-hit economy.
At closing bell, the benchmark Hang Seng Index fell 0.72%, or 191.92 points, to 26,306.68. The Hang Seng China Enterprises Index dropped 0.78%, or 81.51 points, to 10,401.83.
Several European countries closed their borders to the UK as the country entered a tougher lockdown to fight a new strain of coronavirus. Prime Minister Boris Johnson will chair an emergency response meeting on Monday to discuss international travel and the flow of freight in and out of Britain.