Hong Kong stocks flat at open
[HONG KONG] Hong Kong stocks were marginally lower in the first few minutes of trade Monday as China's decision to cut the amount of cash banks must keep in reserve was offset by a mainland clampdown on margin trading.
The benchmark Hang Seng Index eased 7.26 points to 27,645.86.
In mainland China the benchmark Shanghai Composite Index lost 0.44 per cent, or 18.74 points, to 4,268.56.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.72 percent, or 15.39 points, to 2,120.88.
AFP
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data