The Trader 

Market Outlook: Hong Kong’s highs and lows

The Trader

 

Published this morning by IHS, August private company activity dropped again to 40.8, from 43.8 on July – well below the 50-level suggesting contraction. Not entirely surprising considering the demonstrations that have been going on for months, but caused mainly by a big drop in new orders from mainland China. This afternoon in Hong Kong rumours are swirling that Chief Executive Carrie Lam is considering formally withdrawing the very controversial extradition bill; the Hang Seng index soared by around 3 per cent.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now