The benchmark Hang Seng Index closed almost flat on Friday, but fell 7.4 per cent in August. Photo: AFP

Hong Kong, China stocks end August lower as trade war intensifies, yuan weakens

  • The Hang Seng finished Friday almost flat, but lost 7.4 per cent in August
  • The Shanghai benchmark closed lower, dragged down by tech stocks, though surging liquor stocks limit losses
Topic |   Hong Kong Stock Exchange

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The benchmark Hang Seng Index closed almost flat on Friday, but fell 7.4 per cent in August. Photo: AFP
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China’s Vice-Premier Liu He gave his speech at the Smart China Expo in Chongqing on Monday. Photo: Weibo

China ‘resolutely opposes escalation of the US trade war’, prefers ‘calm negotiations’, vice-premier says

  • Last week US President Donald Trump announced plans for wide-ranging tariff increases on Chinese imports in response to news of retaliatory tariffs from Beijing
  • Vice-Premier Liu He says that China has the policies and tools to maintain its economic conditions despite the tariffs threat hanging over US$550 billion of goods
Topic |   US-China trade war

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China’s Vice-Premier Liu He gave his speech at the Smart China Expo in Chongqing on Monday. Photo: Weibo
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