Hong Kong Shares End Flat As Unrest Fears Dominate

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2019-11-15 HKT 18:50

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  • The HSI rose up earlier in the day, but lost steam later in the day. Photo: RTHK

    The HSI rose up earlier in the day, but lost steam later in the day. Photo: RTHK

Hong Kong shares erased early gains and ended flat in quiet trading today on concerns over the ongoing unrest and uncertainty over a trade deal between China and the United States.

Trading sentiment was initially lifted by comments of White House economic adviser Larry Kudlow that Washington has made "enormous progress" in trade talks with Beijing. But there have also been worries in the absence of concrete details of a possible deal.

The Hang Seng Index rallied more than 200 points in early trade. But almost all the gains were later erased. At the close, the index was just 2 points up at 26,326.

Across the border, the benchmark Shanghai Composite Index lost 0.6 percent, and the Shenzhen Composite Index dropped 1 percent.

Benchmark indices in Tokyo and Taipei each rose 0.7 percent. Sydney gained 0.9 percent. Seoul climbed just over 1 percent and Singapore was up marginally.

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