Top Gainers – The World Market
Shares of Chinese and Hong Kong companies fell in price amid yet another aggravation of US-Chinese relations. The US President Donald Trump signed a law imposing restrictive measures on China because of its policy towards Hong Kong. Hong Kong dollar weakened against the euro. Amidst relatively high world oil prices, other commodities also went up, which helped to strengthen the currencies of exporting countries – South Africa, Canada, Australia, Norway and Mexico. The euro strengthened ahead of the ECB meeting and the summit of the heads of the EU countries.
1.Harley-Davidson, Inc, 17.4% – American motorcycle manufacturer
2.Arconic Inc, 16.2% – American manufacturer of various aluminum products
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Top Losers – The World Market
1. Cathay Pacific AIR – Hong Kong Airlines
2. PICC Property and Casualty Company Ltd – Chinese movable and immovable property insurance company
Top Gainers – Foreign Exchange Market (Forex)
Top Losers – Foreign Exchange Market (Forex)
Market Analysis provided by IFCMarkets
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