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Hang Seng Index down 1.7% on concerns about economic prospects

Moomoo News ·  Jul 18, 2021 21:51  · Markets

(Vibiznews-Index) – The $Hang Seng Index(800000.HK)$ previously closed up 208.81 points or 0.75% to 27,996.27. Similarly, the $Hang Seng China Enterprises Index(800100.HK)$ with 60 leading stocks ended up 1.08% to 10,174.27. Thus the Hang Seng index futures in June 2021 moved positively by strengthening 236 points or 0.85% to 28012 position.

The Hang Seng's gains were supported by hopes for more government policy support after economic growth in the second quarter missed expectations. The Hang Seng Index rose to a week high.

As a market mover today, Wall Street stock markets closed lower last weekend by inflationary pressures and soaring cases of the corona virus around the world. Thus, crude oil prices last weekend fell to their lowest in 4 weeks due to concerns that the spread of the Delta variant of the corona virus around the world could hamper global consumption.

Source: vibiznews

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