Good day, traders
Traders will probably be braced for another volatile day after China and Hong Kong stocks dropped after a short burst on concerns about excessive gains yesterday. Though China and the US are soon expected to ink the much-heralded phase one trade deal, reports have emerged that some tariffs on Chinese goods are likely to stay in place until after the presidential elections and any cut will rest on how Beijing complies with the agreement.
Hong Kong's market is expected to remain busy for the rest of the week, with three IPOs trading today and another seven tomorrow.
This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved.
Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.