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Stocks Blog: Hong Kong, mainland China markets fall as traders fret about chances for quick resolution to US-China trade war

  • China Tobacco closes down 3.4 per cent, but that's only a flick of ash after more than 300 per cent gain in three weeks 
  • Future Land shares plummet on news of chairman's arrest
Topic |   Stocks Blog
The China Tobacco stock has been the best performer among 74 listings in Hong Kong this year. Photo: Imaginechina

China Tobacco, buoyed by monopoly in world’s biggest population of smokers, sees stock rise 307 per cent in Hong Kong

  • China had 306 million smokers in 2018 and cigarette sales reached 1.44 trillion yuan
  • China Tobacco raised HK$813 million from its listing
Topic |   China stock market

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The China Tobacco stock has been the best performer among 74 listings in Hong Kong this year. Photo: Imaginechina
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