Hong Kong stocks flat

16 Jul, 2020

HONG KONG: Hong Kong shares ended flat on Wednesday, after US president Donald Trump's decisions to revoke city's special status and his sign-off on a sanction bill to target officials related to the new security law.

At the close of trade, the Hang Seng index was up 3.69 points, or 0.01%, at 25,481.58, reversing earlier losses recorded in the mid-day session. The Hang Seng China Enterprises index fell 0.14% to 10,390.54.

The sub-index of the Hang Seng tracking energy shares rose 0.2%, while the IT sector rose 1.68%, the financial sector ended 0.44% lower and the property sector dipped 0.87%.

US president Donald Trump on Tuesday ordered an end to Hong Kong's special status under US law to punish China for what he called "oppressive actions" against the former British colony.

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