Thursday, 22 August 2019
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Hong Kong stocks recoup losses as developers shine

Hong Kong shares recovered most of their early losses and ended slightly lower on Thursday amid street protests, thanks to gains in real estate firms and mainland money flows.

The Hang Seng index dropped as much as 1.8% before ending 0.1% lower at 27,294.71, while the China Enterprises Index ended 0.2% lower at 10,472.44, also recovering from earlier losses.

Stocks were still under pressure amid large-scale protests. Scuffles broke out between protesters and police in Hong Kong on Thursday as hundreds of people remained on the streets to protest a planned extradition law with mainland China, a day after police fired tear gas and rubber bullets at demonstrators.

Source : Reuters

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