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Hong Kong’s index futures fall, indicating stocks most likely to open lower

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Hong Kong’s index futures fall, indicating stocks most likely to open lower

Hang Seng Index futures drop 0.2 pc to 29,174 prior to the marketplace opens

PUBLISHED: Monday, 20 November, 2017, 9:11 am UPDATED: Monday, 20 November, 2017, 9:11 am

Hong Kong’s index futures declined on Monday, hinting shares are likely to open lower.November futures contracts on the Hang Seng Index fell 0.2 per cent, or 47 points, to 29,174 prior to the marketplace opens at 9.30 am.The Hang Seng Index added 0.6 percent to 29,199.04 on Friday, capping a 0.3 per cent gain for the week. The mainland’s Shanghai Composite fell 0.5 per cent to 3,382.91 as alcohol juggernaut Kweichow Moutai toppled the most this month after the state Xinhua News Agency targeted the company for its extreme share-price gain.Chinese banks

and brokerages may be actively traded after the country’s financial regulators unveiled sweeping guidelines to suppress risks in the country’s US$ 15 trillion of asset-management products.People’s Bank of China

said in a joint statement with other financial regulators after the market closed on Friday that financial organizations should offer yields based on the net asset worth of the products they provide, to show the dangers and return of the underlying possessions, rather of offering a guaranteed principal repayment or rate of return.In Asian early morning trading on Monday, Japan’s Nikkei 225 lost 0.1 per cent and South Korea’s Kospi added 0.2 per cent.In US trading on Friday, all three significant indices shut down as the flatten yield curve raised issues over the economy, and investors began risk-off mode before a week shortened by the Thanksgiving holiday.The Dow Jones Industrial Average ended up 0.4 per cent lower, the S&P 500 Index dropped 0.3 per

cent and the Nasdaq Composite Index slipped 0.2 per cent.Promotions

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