Advertisement
Advertisement
Srinivasan Iyer

Srinivasan Iyer

Srinivasan is a senior copy editor at the South China Morning Post.

Trump halts contributions to WHO, saying his administration will conduct an inquiry into the UN agency's ‘role in severely mismanaging and covering up the spread’ of the coronavirus

Fears over the novel coronavirus dominated proceedings for a second consecutive day, as investors expect a big impact on China's economy.

Advertisement

Hong Kong and mainland stocks fell for a second straight day as investors moved to the sidelines amid lingering concerns over the US-China trade deal that will be signed later tonight in Washington.

The Hong Kong and China markets were unable to maintain the initial momentum provided by overnight gains on Wall Street and the US Treasury removing its designation of China as a currency manipulator.

Hong Kong investors shrugged off disappointing US employment data, while Taiwan stocks rose to a near three-decade high after President Tsai Ing-wen won a landslide victory in the re-election.

Chip makers extended a two-day rally on renewed optimism over state fund support, while liquor makers fell on concerns over food safety and high valuation.

Trading in Hong Kong, which was open only for half a day today, will now resume on Friday after the two-day Christmas break.

Shanghai Composite closes 3,000 level for the first time since December 17 Turnover falls in Hong Kong ahead of Christmas holiday

Hong Kong's Hang Seng Index continued last week’s declines as a lack of progress in trade talks and ongoing protests played on investors’ minds

There are not many catalysts to make the Hong Kong market go any higher, says Louis Wong, director of Phillip Capital Management