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Budget News

  • Hong Kong Market extends sell-off
  • April 16,2024  15:14
  • Hong Kong share market finished session lower on Tuesday, 16 April 2024, marking a fourth session of losses, weighed down by Wall Street falls overnight and fears over tensions in the Middle East. Meanwhile, risk aversion sell-off fueled further after signaled a wobbly recovery in the world?s second-largest economy, despite stronger-than-expected GDP data.

    China's gross domestic product (GDP) grew 5.3% in January-March from the year earlier, slightly faster than the 5.2% expansion in the previous three months. However, a raft of March indicators released alongside the GDP data, including property investment, retail sales and industrial output, showed that demand at home remains weak and is retarding overall momentum.

    At closing bell, the benchmark Hang Seng Index dropped 351.49 points, or 2.12%, to 16,248.97. The Hang Seng China Enterprises Index slid 112.66 points, or 1.92%, to 5,743.78.

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ATTENTION INVESTORS
"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
 3. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment.
 4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors"
Prevent Unauthorized Transactions in your demat/trading account --> Update your Mobile Number/email ID with your stock broker/Depository Participant. Receive information of your transactions directly from Exchanges on your mobile/email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/CDSL on the same day. - Issued in the interest of investors.
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