Monday, May 25, 2015   

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:
Hang Seng, Shanghai end higher (05-22 16:39)
Margin trading exceeds 2 trillion yuan, propelling risky rally in China markets (05-22 16:14)
German business confidence wanes (05-22 16:08)
Year end start for China led development bank (05-22 16:06)
European equities open higher (05-22 15:33)
Domestic demand lifts German economy (05-22 14:40)
Wal-Mart decides to bypass Li and Fung (05-22 14:28)
Nikkei edges up at close (05-22 14:25)
Hang Seng, Shanghai rally (05-22 12:45)
Goldin Financial shares rebound by 3.6pc (05-22 12:43)

More breaking news >>

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