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Hong Kong stocks elevated, driven by HSBC HOLDINGS (00005.HK) and some techs. The HSI picked up 101 points or 0.5% to close at 20,701. The HSCEI added 26 points or 0.4% to close at 7,417. The HSTECH hiked 49 points or 1.1% to close at 4,623. The total market turnover for the day amounted to $154.249 billion.HSBC HOLDINGS (00005....
Recommend
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Positive
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Negative
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Fitch Ratings anticipated that the real estate stimulus measures recently announced by China will help stabilize demand for basic materials, boost producers' confidence, and enable more reasonable pricing. However, still-weak downstream demand and the lack of significant capacity exits will suppress price recovery.The steel ...
Recommend
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Positive
27
Negative
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Chen Yuqian, Deputy Secretary-General and Director of the Industry Operation Department of the China Iron and Steel Association (CISA), revealed that many leading enterprises in the industry have the capability and willingness to actively explore restructuring and seize new development opportunities, according to a report by Chi...
Recommend
24
Positive
37
Negative
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HK-listed steelmakers snowballed amid speculation today (28th) after rumors that the China Iron and Steel Association (CISA) would accelerate research to promote capacity management and joint restructuring. The Association has already begun to accelerate related research and conduct special investigations. The research proposes ...
Recommend
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Positive
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Negative
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The People's Bank of China (PBOC) launched the Securities, Funds and Insurance Companies Swap Facility (SFISF), promoted refinancing for stock repurchases and increases, and announced that it may lower the reserve requirement ratio (RRR) by another 0.25-0.5 ppts within the year. Mainland China's consumption, investment a...
Recommend
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Positive
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Positive
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Positive
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Positive
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Positive
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Positive
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Positive
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Positive
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