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Everything Is Crashing: Stocks, Bonds, Crypto, Commodities All Tumble

Everything Is Crashing: Stocks, Bonds, Crypto, Commodities All Tumble
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Hong Kong stocks drop near 2% as financials weigh

China Enterprises index HSCE drops 1.28% HSI financial sub-index sinks 2.1%; property sector down 1% HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed. By lunch break, the Hang Seng index was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index fell 1.28% to 10,686.87. The sub-index of the Hang Seng tracking energy shares slid 0.4%, while the IT sector dipped 0.94%, the financial sector fell 2.11% and the property sector was down 1.04%. China’s stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.

Futures Slide With All Eyes On Big Jump In CPI

China targets some Australian LNG as trade dispute widens

(May 11): At least two of China’s smaller liquefied natural gas importers have been told to avoid buying new cargoes from Australia, a further example of the impact on trade from souring ties between the two countries. The firms have received verbal orders from government officials to avoid purchasing additional LNG from Australia for delivery over the next year, according to people with knowledge of the directive, who asked not to be identified as the details aren’t public. Larger state-owned importers that carry out almost 90% of purchases haven’t received any guidance and plan to continue buying Australian LNG, separate traders said, signaling that the impact on imports may be limited.

China Bans Some Australian LNG Cargoes – gCaptain

Share this article By Stephen Stapczynski (Bloomberg) At least two of China’s smaller liquefied natural gas importers have been told to avoid buying new cargoes from Australia, a further example of the impact on trade from souring ties between the two countries. The firms have received verbal orders from government officials to avoid purchasing additional LNG from Australia for delivery over the next year, according to people with knowledge of the directive, who asked not to be identified as the details aren’t public. Larger state-owned importers that carry out almost 90% of purchases haven’t received any guidance and plan to continue buying Australian LNG, separate traders said, signaling that the impact on imports may be limited.

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