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HSI Trims Loss to 400 Pts as Southbound Funds Net Inflow Tops HKD20B After Midday
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While international oil prices nosedived from their peak, southbound funds net inflow exceeded HKD20 billion after midday and was last at HKD21.214 billion. The HSI opened 681 points lower and once fell by 851 points in early trading to a bottom of 24,906. Following a report from The Financial Times saying that the G7 and the International Energy Agency, as indicated by sources, held a meeting to discuss releasing oil reserves, the HSI managed to trim its decline to 397 points at one point, reaching 25,360. It last printed at 25,356, down 400 points or 1.56%, with a turnover of HKD288.8 billion. The HSTECH dipped by 13 points or 0.61% to 4,917. AAStocks Financial News |
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