Friday, Oct 20 2017 | Time 17:58 Hrs(IST)
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  • Odisha govt. seeks report from DMs on loss caused due to heavy rains
  • India-Russia military drill Indra-2017 kicks off in Vladivostok
  • President Ramnath Kovind to be chief guest at state foundation day function on Nov 15
  • US Secretary of State travels to India and several other countries this month
  • 40 pc dengue patients from TN getting treated in Pondy : CM
  • Sri Lankan shares recover from 10-day low in dull trade
  • Uber opens up Paris travel database to help city planners
  • ....
  • Spain to present measures to impose direct rule on Oct 21 :PM Rajoy
  • Depression over coastal Odisha likely to weaken gradually : MET
  • Blacklisted by Brazil, Dublin funds find new ways to invest
  • MP triple murder case: No arrests made so far
  • Pradhan launches supply of Pipe Natural Gas in Bhubaneswar
  • Haryana amends affordable Housing Policy 2013
  • CM provides loans to nine persons, appeals to banks to provide loans
World Share

Hong Kong stocks end near 10-yr high; China autos, banks up but Macau casinos fall

HONG KONG, Oct 6 (Reuters) Hong Kong's benchmark stock index closed at its highest level in nearly 10 years on Friday, supported by Chinese automakers and banks.
The Hang Seng index rose 0.3 percent to end at 28,458.04 points, its highest close since late 2007.
The index rose 3.3 percent on the week, its biggest such gain in 12 weeks.
The Hong Kong China Enterprises Index rose 0.5 percent to end at 11,459.09 points, its highest close since mid-2015. It ended up 5 percent for the week, the best in 6 weeks.
Chinese automakers remained strong, with Geely Auto surging 5.6 percent to a record high, BYD Company rising 2 percent and Dongfeng Motor gaining 1.3 percent.
Chinese banks also extended gains, still basking in the glow of the central bank's announcement on Saturday that it is cutting the amount of cash that some banks must hold as reserves for the first time since February 2016 to encourage more lending to struggling smaller companies.
Analysts said the reduction in the reserve requirement ratio (RRR) should support banks' net interest margins and profit growth in 2018.
Bank of Communications rose 1.2 percent, and Ping An Insurance was up 1.1 percent. Home builder China Vanke climbed 1.3 percent.
But Macau casinos stocks fell after the tourism bureau reported a 2 percent year-on-year fall in visitors during the first four days of China's "Golden Week" national holiday.
Shares of Sands China dropped 2.7 percent, Wynn Macau fell 2.8 percent and Galaxy Entertainment slid 1.9 percent.
China's financial markets have been shut all this week for the holiday and will resume trade on Oct. 9.
"Selling pressure is expected to dominate when China markets reopen on Monday," said Alex Wong, a director at Ample Finance Group.
"Mainland investors will lock in gains after the recent rally of many Chinese shares before they look into the upcoming economic data due later this month. The market is expecting a healthy set of data anyway."
Investors are also awaiting China's 19th Communist Party Congress, which starts on Oct. 18. The twice-in-a-decade meeting will see a key leadership reshuffle and the setting of top political and economic priorities for the next five years.
"The market dosen't expect to see much excitement from the CPC meeting as maintaining stability is seen as a top priority," Wong added. ($1 = 6.6533 Chinese yuan renminbi)
REUTERS AKC1550
Top News
Solicitor-General Ranjit Kumar steps down

Solicitor-General Ranjit Kumar steps down

New Delhi, Oct 20 (UNI) Citing family issues, Solicitor-General Ranjit Kumar, today resigned from his post, a source in the Law Ministry said.

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20 Oct 2017 | 5:29 PM
Festival of Lights aftermath: Delhi air quality slides

Festival of Lights aftermath: Delhi air quality slides

New Delhi, Oct 20 (UNI) A day after Deepavali, air quality level slid to severe level from very poor in Delhi.

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20 Oct 2017 | 5:02 PM
PM blames 'nervous' Congress for refusing his help for 2013 U'khand flash floods

PM blames 'nervous' Congress for refusing his help for 2013 U'khand flash floods

Kedarnath, Oct 20 (UNI) Blaming a 'nervous' Congress for blocking his efforts, Prime Minister Narendra Modi on Friday recalled that the UPA II Government, then in power in Uttarakhand, had refused his offer as Gujarat Chief Minister to rebuild the hill shrine of Kedarnath after the devastating 2013 flash floods in the hill state.

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20 Oct 2017 | 5:30 PM
Home Minister to pay homage to Police Martyrs on police commemmoration day tomorrow

Home Minister to pay homage to Police Martyrs on police commemmoration day tomorrow

New Delhi, Oct 20 (UNI) Home Minister Rajnath Singh will pay homage to police martyrs here on Saturday on the occasion of police commemmoration day.

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20 Oct 2017 | 3:44 PM
Gujarat CM Rupani, Swamy flay Chidambaram for attack on EC

Gujarat CM Rupani, Swamy flay Chidambaram for attack on EC

New Delhi, Oct 20 (UNI) The BJP on Friday slammed senior Congress leader P Chidambaram for his adverse remarks on Election Commission for delay in announcing the poll dates for Gujarat.

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20 Oct 2017 | 4:02 PM
Rahul takes jibe at injunction on media publication for writing on Jay Shah

Rahul takes jibe at injunction on media publication for writing on Jay Shah

New Delhi, Oct 20 (UNI) Congress Vice President Rahul Gandhi on Friday took a jibe at Prime Minister Narendra Modi and the BJP on the injunction against a media publication for writing an article on an increase in assets of Amit Shah's son Jay Shah.

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20 Oct 2017 | 5:48 PM
Ganga at Varanasi to be pollution-free soon

Ganga at Varanasi to be pollution-free soon

New Delhi, Oct 20 (UNI) The government has claimed that soon the Ganga river will flow pollution-free along the spiritual city of Varanasi and the objective of Nirmal Ganga will not just remain a dream.

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20 Oct 2017 | 4:01 PM

40 pc dengue patients from TN getting treated in Pondy : CM

20 Oct 2017 | 5:45 PM

Puducherry, Oct 20 (UNI) Stating that 40 percent of the degnue patients getting treated in government hospitals here are from Tamil Nadu, Chief Minister V Narayanasamy said and claimed that there was no dengue deaths in government hospitals in Puducherry.

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