Rebound Anticipated For Hong Kong Stock Market
The Hong Kong stock market headed south again on Wednesday, one day after snapping the two-day losing streak in which it had stumbled almost 400 points or 2.5 percent.
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The Hong Kong stock market headed south again on Wednesday, one day after snapping the two-day losing streak in which it had stumbled almost 400 points or 2.5 percent.
Asian equities were largely higher as Mainland China, Hong Kong, Australia, and India outperformed while Japan underperformed. Malaysia was closed for Nuzul Al-Quran, which is a day dedicated to reading and reflecting on the Quran, while the Philippines was closed for Maundy Thursday, also known as Holy Thursday, commemorating the Last Supper derived from the Latin word mandatum, meaning commandment/mandate.
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The Hong Kong stock market has moved lower in two straight sessions, sinking almost 400 points or 2.5 percent along the way. The Hang Seng Index now sits just beneath the 16,475-point plateau and it may extend its losing streak on Tuesday.
The seventh and final tanker carrying Sokol oil and sanctioned by the U.S. will arrive at China's Tianjin port on Tuesday night to discharge its Russian oil cargo