Hong Kong stocks pare gains as weak China economic data bites [Reuters]
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Source: Reuters
Hong Kong stocks pare gains as weak China economic data bites - Reuters 3 Min Read * HK-Shanghai Connect daily quota used -0.7%, Shanghai-HK daily quota used 7.4% * FTSE China A50 +0.4% SHANGHAI, Aug 14 (Reuters) - Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession, while protests continued to roil the island city. ** The Hang Seng index ended up 0.1% at 25,302.28, while the China Enterprises Index gained 0.2% to 9,866.18. ** The benchmark HSI started the day 1.7% higher, after Washington delayed tariffs on some Chinese imports. ** U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales. ** China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a
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