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Hong Kong Market Report Headlines

New tariffs drive China shares lower; property firms drop on pre-sale system review

China's stock markets fell on Tuesday, their first trading day after new U.S. and Chinese tariffs on each others goods kicked in on Monday, while property firms plunged on worries that a property pre-sale system may be scrapped. ** At the close, the Shanghai Composite index was down 16.35 points or 0.6 percent at 2,797.48. Stock markets in China were closed on Monday for a holiday. ** The blue-chip CSI300 index ended 0.9 percent lower, with its financial sector sub-

China stocks fall as new tariffs kick in; property firms plunge

China's stock markets fell on Tuesday morning in their first trading session after fresh U.S. tariffs on $200 billion worth of Chinese imports kicked in on Monday, prompting retaliatory tariffs on $60 billion of U.S. imports to China. ** At the midday break, the Shanghai Composite index was down 21.15 points or 0.76 percent at 2,776.33. ** China's blue-chip CSI300 index was down 1.12 percent, with its financial sector sub-index lower by 1.7 percent, the consumer sta

China stocks soar on policy support hopes

China's stock markets surged on Friday before a long holiday weekend, with investor sentiment boosted by hopes that a government effort to boost domestic demand could help offset effects of an escalating trade war.

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Trump calls allegations against Kavanaugh a 'con game'

President Donald Trump, fighting to shore up his nomination of Brett Kavanaugh to the U.S. Supreme Court in a divided Senate, on Tuesday called sexual misconduct allegations against the judge "a con game being played by the Democrats."