Hong Kong stocks inch up after data shows China industrial profits return to growth scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The yen reversed gains after the Bank of Japan kept its policy rate unchanged and persisted with the world’s last negative-rate regime.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossApple Races to Tweak Software Ahead of Looming US Watch BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksUS Frackers Return to Haunt OPEC’s Pricing StrategyUS Announces New Task Force to Counter Houthi Red Sea ThreatThe Japan’s currency fell 0.5% to the weakes
Hong Kong stocks fell after China Evergrande Group, the world’s most indebted developer, said it would cancel creditor meetings, dealing a setback to its debt restructuring plans and triggering concerns about the crucial property sector.
By Bingyan Wang Country Garden Services Holdings reported lower profit for the first half of 2023 amid China s lackluster real-estate market. The property-management affiliate of developer.