A Chinese investor monitors stock prices at a brokerage house in Beijing on May 10, 2019. Photo: Associated Press

Shanghai ends seven-day losing streak while Hang Seng Index falls on thin trading

  • China traders shrug off concerns from China’s drop in April industrial profit – the biggest percentage decline since December 2015
  • Financial, tech stocks boost Shanghai benchmark as investors pin hopes on more government support measures
Topic |   Stocks

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A Chinese investor monitors stock prices at a brokerage house in Beijing on May 10, 2019. Photo: Associated Press
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Profits in the car manufacturing sector slumped 25.9 per cent, as China’s car sales fell 15 per cent year-on-year in April, the 10th consecutive monthly decline. Photo: Xinhua

China’s industrial profits post biggest drop in nearly three and a half years

  • April’s 3.7 per cent drop, the largest decline since December 2015, led by state-owned industrial firms, whose profits dropped 9.7 per cent
  • Date comes as a further blow to the Chinese economy in the month before the escalation of the trade war with the United States
Topic |   China economy

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Profits in the car manufacturing sector slumped 25.9 per cent, as China’s car sales fell 15 per cent year-on-year in April, the 10th consecutive monthly decline. Photo: Xinhua
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