Hong Kong stocks retreat as Asian markets ride on US stimulus momentum, China worries about ‘savage beast’

//Hong Kong stocks retreat as Asian markets ride on US stimulus momentum, China worries about ‘savage beast’

Hong Kong stocks retreat as Asian markets ride on US stimulus momentum, China worries about ‘savage beast’

Hong Kong and mainland China stocks limped in early trading, pausing a rebound from a US$1.4 trillion rout while regional markets picked up gains on the back of record-setting close in US equities.The Hang Seng Index fell 0.7 per cent to 29,197 as of 10.30am local time, limiting this week’s advance to 0.8 per cent. The Shanghai Composite Index dropped 0.7 per cent, set for more than 2 per cent loss for the week. The CSI 300 Index of stocks in Shanghai and Shenzhen retreated from a two-month…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-03-12T02:54:17+00:00 March 12th, 2021|Business|Comments Off on Hong Kong stocks retreat as Asian markets ride on US stimulus momentum, China worries about ‘savage beast’