Thursday, October 23, 2014   

Hang Seng dips by break
(01-09 12:20)

Hong Kong shares fell 0.12 percent in the morning session Thursday following losses on Wall Street after US Federal Reserve meeting minutes showed policymakers believed the economy could withstand reduced monetary stimulus.
The benchmark Hang Seng Index lost 26.72 points to 22,969.87 on turnover worth HK$35.75 billion, AFP reports.
The minutes of the Fed's December 17-18 policy meeting showed that "most'' policymakers "had become more confident'' that labour market conditions would continue to improve if the Fed cut its monetary stimulus.
The minutes documented the discussion that preceded the Fed's December 18 announcement that it was trimming asset purchases by US$10 billion to US$75 billion a month beginning in January.   
Other Business breaking news:
German industry downgrades growth forecast (43 mins ago)
UK retail sales fall in warm September: data (44 mins ago)
Eurozone business activity picks up, worries remain: survey (1 hr 18 mins ago)
Hang Seng dips on profit-taking (1 hr 25 mins ago)
European stock markets drop at open (1 hr 57 mins ago)
Daimler says profits up strongly in Q3 (1 hr 58 mins ago)
Tesco chairman quits over profits fiasco: company (2 hrs 59 mins ago)
Nikkei ends lower (10-23 15:03)
Manufacturing moving from China to US: survey (10-23 12:28)
US billionaire's hedge fund dumps Sony stake (10-23 12:24)

More breaking news >>

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