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Stocks Blog: Hang Seng Index closes higher amid face mask ban talk

  • Benchmark closes 0.3 per cent higher at 26,220.3
  • MTR stock boosted by proposed face mask ban

Topic |   Stocks Blog
INTRODUCTION

The narrative of an impending global slowdown amid poor US data, as well as the fallout from National Day violence in Hong Kong, are expected to dominate the markets on Thursday.

US equities fell overnight after American employment data – coming a day after poor factory data – too fell below expectations. Monthly jobs data coming out on Friday could set the tone as far as rate cut expectations are concerned.

Mainland Chinese markets remain shut for “golden week” and will resume trading on October 8. In Hong Kong, the anti-government protests are weighing on home prices and have set the tone for the de facto central bank’s new chief executive. The protests, in their fourth month, have already made an impact on retail, rents and tourism. 

Join us, Xie Yu and Azar Zaidi in Hong Kong, as we track developments in the special administrative region’s stock market. If you would like to receive the blog each trading day via email, shoot a message to Deb Price (
[email protected]
) and she will add you to the list.
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