Hong Kong shares end lower as China flags inflow risks
* Traders see no immediate impact from Hang Seng shake-up annoucement
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* Traders see no immediate impact from Hang Seng shake-up annoucement
Provided by Dow Jones By Will Horner and Xie Yu U.S. stock futures were little changed Wednesday as investors awaited fresh comments from Jerome Powell a day after the Federal Reserve chairman soothed unsettled markets. Futures tied to the S&P 500, the Dow Jones Industrial Average and the technology-heavy Nasdaq-100 inched up 0.1%. Stock markets have wavered in recent days following a strong start to the year, with highflying tech companies leading declines. Investors said a rise in government bond yields, driven by improving growth prospects and rising in...
Provided by Dow Jones By Will Horner and Paul Vigna U.S. stocks turned higher Wednesday after Federal Reserve Chairman Jerome Powell reiterated his intention to maintain ultralow interest rates and continue the bank's asset-purchase policies. After opening in the red, the major indexes climbed higher after Mr. Powell's comments on the second day of his Congressional testimony. The Dow Jones Industrial Average rose 1.4%, the S&P 500 gained 1.1% and the tech-heavy Nasdaq Composite added 0.8%. Speaking to the Senate Banking Committee, Mr. Powell reaffirmed hi...
Hong Kong trading volumes surge as London slips Hudson Lockett and Tabby Kinder Feb 17, 2021 – 3.21pm Share Stock trading volumes in Hong Kong have soared to four times those on London’s main exchange, as large technology and healthcare stocks attracted soaring appetite from foreign investors for the “Nasdaq of Asia”. Trading volumes in Hong Kong also reached almost 60 per cent of the New York Stock Exchange as investors, mostly from China, poured about $US50 billion into shares listed in the Asia finance hub this year. Chinese investors are flocking to Hong Kong, the “Nasdaq of Asi...