Stocks Blog: Hang Seng ends as world's worst performing major benchmark of week as protests bite

  • 'Mainlanders need to come back for retail to come back,' says Kenny Wen, wealth management strategist at Everbright Sun Hung Kai
  • Over past two months, Chow Sang Sang and Chow Tai Fook have tumbled more than 20 per cent

Topic |   Stocks Blog
It can be a bit lonely these days as a retail clerk. Here, an employee stands at the door of a Chow Tai Fook Jewellery Group store in the Causeway Bay district of Hong Kong on August 29, 2019. Photo: Bloomberg

Happy Friday, traders --

China’s banks lowered the 1-year loan prime rate to 4.20 per cent from 4.25 per cent, according to China Foreign Exchange Trade System.

Sentiment remains weak in Hong Kong, where stocks have fallen four straight days. Stocks of retailers have been hit hard.

As of Thursday's market close, Chow Sang Sang (116 HK) is down 24 percent, and Chow Tai Fook (1929 HK) is down 20.7 per cent, since July 19, when the demonstrations began taking a violent turn. 

We have you covered in mainland and Hong Kong markets.

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-- Zhang Shidong in Shanghai and Deb Price in Hong Kong