Showing posts with the label Asia Markets Closing.

Asia Closing on Friday, November 5, 2021: Hong Kong's Hang Seng Index leads losses in Asia as Chinese real estate shares fall.

Image Eustance Huang 3-4 minutes SINGAPORE — Stocks in Asia-Pacific were mixed on Friday as shares in Hong Kong led losses among the region's major markets. Hong Kong's Hang Seng index slipped 1.41% to finish the trading day at 24,870.51. Mainland Chinese stocks closed lower, with the Shanghai composite down 1% to 3,491.57 while the Shenzhen component shed 0.637% to 14,462.62. Shares of Chinese property developers in Hong Kong fell. China Evergrande Group slipped 2.54% while China Vanke dropped 1.39% and Sunac China Holdings plunged 6.78%. The Hang Seng Properties index dipped 0.5% to 29,881.42. Trading in Hong Kong-listed shares of Chinese property developer Kaisa Group and several of its units was suspended on Friday, according to exchange notices. Kaisa Group said Thursday its finance unit missed a payment on a wealth management product, according to Reuters . Kaisa is the second-largest issuer of U.S. dollar