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Markets Print 2019-12-17

Hong Kong stocks lower

Hong Kong stocks ended lower on Monday, as lingering concerns about the anti-government protests in the Asian financial hub outweighed enthusiasm over an initial trade deal between Washington and Beijing.
Published 17 Dec, 2019 12:00am

Hong Kong stocks ended lower on Monday, as lingering concerns about the anti-government protests in the Asian financial hub outweighed enthusiasm over an initial trade deal between Washington and Beijing.

The Hang Seng index fell 0.7% to 27,508.09. The China Enterprises Index lost 0.6% to 10,778.89.

The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some US tariffs in exchange for what US officials said would be a big jump in Chinese purchases of American farm products and other goods.

The trade optimism, which analysts said was largely priced in the recent rally, was offset by persistent worries over the protests.

Copyright Reuters, 2019

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