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Stocks Blog: China shares gain on liquidity injection; Hong Kong stocks slip after protesters set fire at MTR subway stop

  • Shanghai could soar to break this year's high, Citic Securities says
  • Stock Connect trading will have clipped week due to Mid-Autumn Festival

Topic |   Stocks Blog
Protesters set a fire at Central subway station on Sunday, in the business heart of Hong Kong. Photo: Edmond So
INTRODUCTION

Welcome to Monday, traders, our second week of September.

The impact of protests on Hong Kong's businesses and economy continues to weigh on trading sentiment here. Overnight, a group of protesters
set fire
to the entrance of Central MTR station. Central, Wan Chai, Mong Kong and Prince Edward subway stations were closed, but were back open this morning.
Meanwhile, on Friday, after China markets closed, the People's Bank of China c
ut the cash reserve requirement
for banks in the latest effort to boost the economy amid the trade war with the US. Also over the weekend, fresh data showed China's exports unexpectedly slid in August, as the trade war bites.
Catch up on the day's action below. If you have any feedback or questions about our blog, please shoot them to
[email protected]
. Also, after numerous requests, we will start an experiment to send out the blog each day via email. If you'd like to get the blog that way, shoot Deb a message.

-- Georgina Lee and Deb Price in Hong Kong  

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