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China’s stock market is falling, the securities of Hong Kong are ”in the red”

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China’s stock market is falling, the securities of Hong Kong are ”in the red”

China’s stock market is falling, the securities of Hong Kong are ”in the red”
July 22
12:30 2016

China’s stock market ended Friday’s trading with the negative dynamics after the statement of the Central Bank officials of the country. They doubted  the possibility of a further interest rates fall. So, the investors decided to fix profits after the increasing of the previous day.

The Head of Research and Statistics Division of People’s Bank of China stated that the tax decrease would be a more effective way to stimulate the economy than the interest rates decrease. This report was published on Friday in the National Business Daily newspaper. According to the expert, Chinese companies fell into the “liquidity trap” and further softening of the money-credit policy will not give a significant effect on real investments.

CSI 300 Index keeps track of the value of the largest companies’ securities that trade in Shanghai and Shenzhen. It fell by 0.8 percent to 3.225,16 points. The index Shanghai Composite of the Shanghai Stock Exchange lost 0.9 percent and finished at the level of 3.012,82 points. For the result of the week CSI 300 Index fell by 1.6 percent and the Shanghai Composite lost 1.4 percent. The stock market of Hong Kong also fell on Friday as well as most of the Asian platforms. It happened due to the fact that Wall Street broke its unprecedented increase against the background of weak quarterly reports of companies. The Hang Seng Index of the Hong Kong Stock Exchange fell by 0.2 percent to 21.964,27 points. The index of the Chinese companies that trade in Hong Kong lost 0.3 percent and closed the session at around 9.031,93 points.

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