China Rare Earth shares soar; HK stocks fall

Business | 29 May 2019 4:11 pm

Hong Kong shares fell at the close today in lne with most regional markets. The blue chip Hang Seng Index shed 0.57 percent, or 155.10 points at  27,235.71.

Shares in Tencent Holdings (700) gave up 1.11 percent at HK$322.00.

China Rare Earth (0769) jumped by 23.53 percent at HK$0.63. 

Hu Xijin, the editor of state publication Global Times tweeted, that "Based on what I know, China is seriously considering restricting rare earth exports to the US. China may also take other countermeasures in the future.''

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