^

Business

Hong Kong stocks head into weekend with loss

Agence France-Presse
November 10, 2023 | 4:42pm
asian stocks
People stand in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China's decision to reform the private education sector by preventing them from making profits.
ISAAC LAWRENCE / AFP

HONG KONG, China — Hong Kong shares closed the week with another loss Friday as global markets took a hit from Federal Reserve chief Jerome Powell's warning that interest rates could be hiked again to fight inflation.

The Hang Seng Index dived 1.76 percent, or 308.03 points, to 17,203.26.

The Shanghai Composite Index slipped 0.47 percent, or 14.31 points, to 3,038.97, and the Shenzhen Composite Index on China's second exchange shed 0.42 percent, or 8.10 points, to 1,903.80.

ASIAN STOCK MARKET

CHINA

HANG SENG INDEX

HONG KONG

STOCK MARKETS
Philstar
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest
TikTok asks Supreme Court to temporarily block looming US ban

TikTok asks Supreme Court to temporarily block looming US ban

2 days ago
TikTok asked the US Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular...
Business
fbtw
Brighter skies ahead for NAIA

Brighter skies ahead for NAIA

By Joe Zaldarriaga | 23 hours ago
Local business and tourism sectors are abuzz with optimism following a major development at the Philippines’ main gateway,...
Business
fbtw
Recto sees 25-bps rate cut

Recto sees 25-bps rate cut

By Keisha Ta-Asan | 23 hours ago
Finance Secretary Ralph Recto, who also sits on the Monetary Board of the Bangko Sentral ng Pilipinas, said he agrees with...
Business
fbtw
GoTyme targets 9 million users, Tyme Group raises $250 million

GoTyme targets 9 million users, Tyme Group raises $250 million

By Catherine Talavera | 23 hours ago
GoTyme Bank, is aiming to sustain its growth momentum next year as it is set to launch new features, targeting to reach nine...
Business
fbtw

Ayala secures P3.1 billion loan from ING for Philppine health care

By Richmond Mercurio | 23 hours ago
Ayala Corp., the country’s oldest conglomerate, is poised to ramp up its investments in advancing healthcare growth in the Philippines after securing a social loan from Dutch financial giant ING amounting to...
Business
fbtw
Latest
abtest
NEDA Board OKs Philippines-South Korea FTA EO, 2 infra projects

NEDA Board OKs Philippines-South Korea FTA EO, 2 infra projects

By Louella Desiderio | 23 hours ago
The National Economic and Development Authority Board has approved the issuance of an executive order for the implementation...
Business
fbtw

Government shifting borrowing mix toward domestic sources

By Keisha Ta-Asan | 23 hours ago
The Department of Finance is planning to gradually shift the Philippine government’s borrowing mix toward domestic sources, targeting a 90 to 10 percent split in favor of local debt over the medium term.
Business
fbtw
Philippines negotiating rice supply deals with Pakistan, India

Philippines negotiating rice supply deals with Pakistan, India

By Jasper Emmanuel Arcalas | 23 hours ago
The Department of Agriculture said it is in talks with the governments of Pakistan and India for rice supply deals to meet...
Business
fbtw
Market drops for 6th straight session

Market drops for 6th straight session

By Richmond Mercurio | 23 hours ago
Investors continued to play the waiting game yesterday, pulling the market down to its sixth consecutive day of losses.
Business
fbtw

SMC named top firm desired by Filipino jobseekers

By Catherine Talavera | 23 hours ago
San Miguel Corp. emerged as the top company in the country that Filipino job seekers desire to be employed in, according to a survey by online job portal Jobstreet by SEEK.
Business
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with