Hong Kong stocks fell before a briefing by the city’s senior officials, where they are expected to invoke emergency laws to ban mask wearing.
The MSCI Hong Kong Index dropped 2.1% at 2:16 p.m. Property developers were the biggest losers, with Sun Hung Kai Properties Ltd. poised for the biggest drop in two months. The Hang Seng Index slid 1.9% below the key 26,000 point level. Hong Kong’s markets are closed Monday for a holiday.
Chief Executive Carrie Lam and her government officials will meet the press at 3 p.m. according to an official statement, which gave no reason for the briefing. Traders speculated measures other than the mask ban will be announced given the list of attendees includes eight senior ministers.
US After Hours SGH -9%, COST -1.6% following earnings/guidance
Nikkei +0.32% Hang Seng -1.33% CSI -0.99% Shanghai -0.92% Shenzen -1.06%
Eur4 1.0974 CNH 7.1253 CNY 7.1483 JPY 106.82 GBP 1.2349 RUB 65.0422 CHF 0.9991 WTI 52.62 +0.34%
S&P -0.08% EuroStoxx +0.35% Dax +0.22% SMI +0.17%
Macro :
- SoftBank’s Vision Fund 2 Struggling to Raise Money: Reuters
- Fed to Finalize Rule Easing Burden for All but Wall Street Banks
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