Wednesday, July 30, 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:
European stocks down before US data (8 mins ago)
Singapore Airlines profit slumps in first quarter (23 mins ago)
Eurozone banks ease loan conditions for businesses: ECB (39 mins ago)
Spain speeding away from crisis (1 hr 5 mins ago)
Sony to delist shares from LSE (2 hrs 2 mins ago)
Trade slumps between HK, China (2 hrs 9 mins ago)
NEC cuts net loss (2 hrs 11 mins ago)
Nintendo logs quarterly net loss on Wii U costs (2 hrs 21 mins ago)
Hang Seng extends win streak to seven days (2 hrs 57 mins ago)
Barclays says first-half net profit soars (07-30 15:17)

More breaking news >>

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