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HK$11.24 0.1  1.1%

Last Trade - 12/11/19

Sector
Financials
Size
Large Cap
Market Cap £24.17bn
Enterprise Value £42.47bn
Revenue £49.86bn
Position in Universe 48th / 5918

Hong Kong stocks fall as govt invokes emergency powers; market posts 3rd weekly drop

Fri 4th October, 2019 9:58am
* Hang Seng -1.1%, down for 3rd week; H-shares -0.7%
    * Govt invokes emergency powers to counter street protests
    * U.S. jobs data due later, worries rise over global
slowdown

    HONG KONG, Oct 4 (Reuters) - Hong Kong shares fell on Friday
to one-month lows, as the city's leader invoked colonial-era
emergency powers for the first time in more than 50 years in
fresh efforts to quell escalating violence.
    
** At the close of trade, the Hang Seng index  .HSI  was down
1.11% at 25,821.03. It fell 0.5% for the week, its third weekly
loss. The Hang Seng China Enterprises index  .HSCE  fell 0.7% on
Friday.
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 1.4%, the IT sector  .HSCIIT  lost 0.2%, the
financial sector  .HSNF  fell 1.2% and the property sector
 .HSNP  lost 0.6%.
** The top gainer on the Hang Seng was AAC Technologies Holdings
Inc  2018.HK , which gained 3.2%, while the biggest loser was
Sun Hung Kai Properties Ltd  0016.HK , which fell 2.9%.
** The market slipped in afternoon trade to its lowest level
since Sept. 3, down 1.9% on the day, as local media reported the
government will use emergency powers to enact a ban on face
masks, effective on Saturday.  urn:newsml:reuters.com:*:nL3N26P0JA
** Many protesters wear masks to hide their identity due to
fears employers could face pressure to take action against them.
** The market cut some losses as Hong Kong leader Carrie Lam
described the territory as being in serious danger, but not in a
state of emergency, clarifying there would be exemptions for
people who need to wear masks.  urn:newsml:reuters.com:*:nP8N23M022
** Data due later on Friday are forecast to show the U.S.
economy added 145,000 new jobs in September, more than an
increase of 130,000 in the previous month.  urn:newsml:reuters.com:*:nL3N26P0J7
** Some traders brace for a disappointing result after
surprisingly soft data earlier this week on manufacturing, job
creation, and the services sector.  urn:newsml:reuters.com:*:nL2N26N12H
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was flat, while Japan's Nikkei index  .N225 
closed up 0.3%.
** About 1.14 billion Hang Seng index shares were traded, pretty
much the same as the volume traded in the previous trading
session.    

 (Reporting by Noah Sin; Editing by Subhranshu Sahu)
 ((noah.sin@thomsonreuters.com; Reuters Messaging:
noah.sin.thomsonreuters.com@reuters.net))
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