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The Hang Seng closes flat on the expectation of rate cuts in China According to EFE

© Reuters. The Hang Seng closes flat on expectations of rate cuts in China

Shanghai (China), August 19 (.).- The benchmark index of the Hong Kong Stock Exchange, the , closed today with small gains of 0.05%, a session marked by investors’ expectations of a fall in China’s benchmark interest rate rates in the next update from central bank, next Monday.

The optional added 9.12 points to 19,773.03, while the index that measures the behavior of large Chinese companies listed on the Hong Kong stock market, the , advanced 0.29%.

Among the sub-indices, only Trade and Industry (-0.04%) matched the modest increases in Finance and Services (+0.14% in both cases) and Real Estate (+0.18%).

The biggest increases in the session were the companies that came out badly in the last few days, such as the transport and logistics conglomerate Oriental Abroad (+6.53%) or the developer Country Garden (+4.18%).

On the other side of the coin were the digital Netease (-6.34%) or the technology solutions companies for pharmaceutical companies Wuxi Biologics (-4.88%).

The trading volume of the session was 82,170 million Hong Kong dollars (10,472 million dollars, 10,384 million euros).

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