Friday, July 31, 2015   

Hang Seng tumbles on rates rise hint
(03-20 09:49)

Stocks in Hong Kong fell 1 percent in the first few minutes of trade, after the head of the US Federal Reserve hinted that interest rates could go up in the early part of next year.
The benchmark Hang Seng Index slipped 216.20 points to 21,352.49.
In Shanghai, shares were down slightly in morning trade, tracking overnight losses in US stocks, dealers said.
The benchmark Shanghai Composite Index slipped 0.11 percent, or 2.30 points, to 2,019.43. The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.04 percent, or 0.44 points, to 1,094.00.—AFP

   
Other Business breaking news:
US stocks open lower (2 hrs 26 mins ago)
OPEC will not cut oil production (2 hrs 58 mins ago)
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US economy posts 2.3pc growth in second quarter (07-30 20:47)
London bourse signs up BOCI Securities as maiden HK member (07-30 19:23)
Facebook profits fall, mobile ad revenue swells (07-30 19:14)
Russian ruble tumbles further (07-30 18:57)
Games, image sensors power Sony profit (07-30 18:14)
Baidu to buy back US$1b shares (07-30 18:05)
Deutsche chief battles rising costs and prepares review (07-30 17:53)

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