Hong Kong Stocks Give Early Gains, Shanghai Up

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-08-13 HKT 10:19

Share this story

facebook

  • Bickering in Washington over a stimulus deal stymied the markets. File photo: RTHK

    Bickering in Washington over a stimulus deal stymied the markets. File photo: RTHK

Shares ended on Thursday morning with slight losses as traders fret over a lack of progress by US lawmakers in their stimulus talks.

The Hang Seng Index dipped 0.1 percent, to 25,213.

On the mainland, the Shanghai Composite Index rose 0.3 percent, to 3,330 while the Shenzhen Composite Index was flat, at 2,214.

Tokyo rose 1.9 percent as a recent drop in the safe-haven yen boosted exporters.

Seoul, Taipei and Singapore were all 0.7 percent higher, while Manila, Jakarta and Wellington also pushed ahead.

"The main force that’s been driving markets the last few weeks has really been momentum," said Kevin Caron, at Washington Crossing.

"We've got a market that's focused on the good case outcome for the virus, we've got a market that has taken a great deal of comfort in that fiscal policy is going to be there to support an economy through tough times." (AFP)

______________________________



Last updated: 2020-08-13 HKT 13:15

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more