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Global Shares Mixed After China Economy Slows, Hong Kong Down 6.4 Percent

Started by Epoch-Times-Bot, Oct 24, 2022, 06:00 AM

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Epoch-Times-Bot

Oct 24, 2022, 06:00 AM
Global Shares Mixed After China Economy Slows, Hong Kong Down 6.4 Percent

TOKYO—Global shares were mixed, while Hong Kong's benchmark plunged 6.4 percent on Monday as dismay over a lack of fresh policy initiatives from a Chinese Communist Party congress overshadowed a report that the No. 2 economy grew at a faster pace in the last quarter.
The dollar rose to nearly 150 yen, a day after the Japanese central bank reportedly again moved to stem the yen's decline.
Britain's FTSE 100 slipped 0.7 percent to 6,918.15 after former Prime Minister Boris Johnson announced he will not run to lead the Conservative Party. Former Treasury chief Rishi Sunak is now the favorite to replace Liz Truss, who quit last week after her tax-cutting economic package caused turmoil in financial markets....

Source: Global Shares Mixed After China Economy Slows, Hong Kong Down 6.4 Percent

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