Hong Kong stocks erase gains as investors weigh US stimulus package against rising Treasury yields

//Hong Kong stocks erase gains as investors weigh US stimulus package against rising Treasury yields

Hong Kong stocks erase gains as investors weigh US stimulus package against rising Treasury yields

Hong Kong and China markets retreated sharply after rising at the open, as investors weighed the passage of a US stimulus package against rising bond yields.The Hang Seng Index dropped 1.3 per cent to 28,708.93 at the midday break, after rising as much as 1 per cent at the open. It rose 0.4 per cent last week.The Shanghai Composite fell 1 per cent to 3,466.51, after gaining as much as 1.2 per cent.On the tech-heavy Shenzhen exchange, the Component Index and Composite Index retreated 1.9 per…

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By | 2021-03-08T02:34:50+00:00 March 8th, 2021|Business|Comments Off on Hong Kong stocks erase gains as investors weigh US stimulus package against rising Treasury yields