PT Rifan Financindo Berjangka - The Hang Seng Index fell 0.40%, or 78.21 points, to close at 19,700.56 on Thursday. The Hang Seng China Enterprises Index fell 0.18%, or 12.92 points, to end at 7,164.22.
Wu Qing, the chairman of the China Securities Regulatory Commission announced plans on Thursday to boost the stock market. Authorities will call on Chinese insurers to invest at least 100 billion yuan in long-term funds into stocks in the first half.
The move is seen to aid the country's struggling stock market following US President Donald Trump's statement that he will slap 10% tariffs on Chinese goods beginning in February, Reuters reported Thursday, a report said.
In corporate news, OSL Group (HKG:0863) expects a profit of between HK$47 million and HK$52 million from continuing operations for the year 2024, compared with a loss from continuing operations of around HK$250 million in 2023, propelling the shares of the company to close over 9% higher on Thursday. PT Rifan Financindo Berjangka.
Source: Bloomberg
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