The repurchasing spree has come as the Hang Seng Index heads for an unprecedented fourth straight year of decline, as China’s slowdown and aggressive interest-rate hikes in the US trigger foreign outflows.
ch-aviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ch-aviation.com Daily Mail and Mail on Sunday newspapers.
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Stocks were dealt a blow on Thursday after Moody’s lowered its outlook on major Chinese lenders and following a surprise contraction showed by imports data. Economic data releases later this week may offer little help to shore up sentiment.