Shares are warm while investors wait for new economic data from China

From Hong Kong Hang Seng Index (HSI) rose 0.5%, and Japan Nikkei 225 (N225) It was a little higher on Thursday. But from China Shanghai compound (SHCOMP) and from South Korea Kospi (KOSPI) both were a little lower during choppy trade.

The president of the United States, Donald Trump, signed an initial trade agreement on Wednesday with senior Chinese officials at the White House that included Beijing promises of more than double its purchases to US farmers in the first year.

The agreement was signed while China’s economy continues to deal with a slowdown. The country is expected to disclose its year-round growth figures for 2019 on Friday, which will give investors more clues about how the economy is working.

In Hong Kong, Sa Sa International, the largest cosmetics retailer in the city, said Wednesday that it plans to close 20% to 25% of its stores in the next 18 months due to the city’s “unimplemented difficult operating environment.” . Hong Kong has experienced months of protests in favor of democracy.

Sa Sa International shares rose slightly on Thursday, but shares plummeted more than 40% last year. Revenues from the last quarter fell 27% compared to the previous year.


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