Stocks Blog: Coming weekend critical to markets, analysts says as Hang Seng hits one-month low
- Hang Seng Index closes 1.11 per cent lower at 25,821
- Banks, local property developers weigh on stocks
Will poor US economic data drive the Hong Kong stocks market on Friday, or will it be local concerns, such as the introduction of a face mask ban in the protest-hit special administrative region, that determine which way the markets go?
Add to the mix the prospect of an interest-rate cut by the US Federal Reserve towards the end of October, and we might have ourselves a roller-coaster ride.
Hang with us, Xie Yu and Azar Zaidi in Hong Kong, as we follow all the day’s developments. The mainland Chinese markets remain shut until October 8 for “golden week”, but there should enough going on in Hong Kong to keep us busy – for instance, some London Stock Exchange investors want Hong Kong bourse operator to increase its bid.
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