Monday, July 6, 2015   

Hang Seng dives on back of US
(02-04 11:17)

Hong Kong shares have fallen more than 2 percent in opening trade, following huge losses on Wall Street that were fueled by weak US economic data.
The Hang Seng Index fell 473 points to 21,561 on opening. The Secretary for the Treasury, K C Chan, says the drop in US markets was down to two main factors -- economic data and the Fed's tapering of its bond-buying stimulus program, RTHK reports.
Speaking at the first session of the local stock exchange after the new year, he told reporters the US was still doing "generally okay".
   
Other Business breaking news:
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(Greece crisis) PM Tsipras demands 30pc debt haircut (07-03 22:19)
(Greece crisis) Biggest creditor keeps options open while declaring Athens in default (07-03 21:01)
(Greece crisis) Europe warns against rejecting bailout plan (07-03 19:19)
China sovereign wealth fund overseas returns fall, but assets swell by US$93b (07-03 19:14)
European benchmarks drop (07-03 17:18)
China stock losses mount, regional markets retreat (07-03 16:11)
(Greece crisis) Support gathers for yes vote at referendum (07-03 14:59)
Hang Seng lower, Nikkei recovers (07-03 14:16)
US hedge fund continues tussle over Samsung merger (07-03 14:00)

More breaking news >>

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