“The company will apply to the stock exchange for the withdrawal of the listing of the H Shares from the stock exchange with effect from 4:00 p.m. on Tuesday, 20 September 2016”, it said in a statement to the bourse. India’s Sensex lost 0.1 percent to 28,022.97 and Singapore and Thailand also declined.
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The Dow Jones Industrial Average Index gained 0.32 per cent to close at 18,636.05, while the S&P 500 closed 0.28 per cent higher at 2,190.15. On Tuesday, the Federal Reserve said US factories cranked out more autos, machinery and chemicals in July, which suggests manufacturers might be recovering, though growth is little changed from a year ago. The Nasdaq composite fell 34.90 points, or 0.7 percent, to 5,227.11.
The premier also said the launch of the new connect would be beneficial for investors to better share fruits of economic development on the Chinese mainland and in Hong Kong, help deepen financial cooperation between them, and consolidate and boost Hong Kong’s position as an global financial center.
China approved the long-expected Shenzhen-Hong Kong Stock Connect in another move to further open up its capital market.
Since its pilot at the end of 2014, the Shanghai-Hong Kong Stock Connect has withstood its market test, with steady and orderly overall performance, according to Chinese state media.
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FED WATCH: Investors looked ahead to Wednesday’s release of notes from the U.S. Federal Reserve’s July meeting for insight into the debate among board members over when to raise rates. The euro edged down to $1.1267 from $1.1276. West Texas Intermediate in NY closed 2.81 per cent higher at US$45.74 a barrel, with Brent crude in London rising 2.94 per cent to US$48.35. The contract rose 84 cents on Tuesday to $46.58 per barrel.
