Hong Kong stocks close at 7-week low on Fed comments, slowdown worries [Reuters]
EEN ENERGY HLDGS UNSP/ADR (XNGSY)
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Source: Reuters
Hong Kong stocks close at 7-week low on Fed comments, slowdown worries - Reuters 3 Min Read * HK-Shanghai Connect daily quota used -2%, Shanghai-HK daily quota used 2% * HSI -0.8%, HSCE -0.5%, CSI300 -0.8% * FTSE China A50 -1.0% SHANGHAI, Aug 1 (Reuters) - Hong Kong stocks fell to seven-week closing lows on Thursday, tracking broader Asia, after the U.S. Federal Reserve’s dovish comments dampened long-term outlook for a rate cut and the island’s economy grew less than expected in the second quarter. ** The Hang Seng index fell 0.8%, to 27,565.70, while the China Enterprises Index lost 0.5%, to 10,621.57. ** So far this week, the HSI has lost 2.9%, on track for its biggest weekly drop since early May. ** The Fed cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks, including global weakness. ** Hong Kong’s central bank cut its benchmark interest rate in its first policy ea
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