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HONG KONG: Hong Kong shares tumbled Wednesday, following a global sell-off that continued in Asian trading, as investors caught up the day after the city’s exchange was closed by a typhoon.
The Hang Seng Index sank 1.76 percent, or 390.02 points, to end the day on 21,739.12.
But the benchmark Shanghai Composite Index rose 0.24 percent, or 7.18 points, to 2,978.46.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 0.42 percent, or 8.13 points, to 1,934.82.
TOKYO: Compact car maker Suzuki Motor Corp posted on Wednesday a 7.2 percent rise in operating profit, as increased sales in India and Europe offset the negative impact of currency fluctuations.
Operating profit at Japan’s fourth-largest automaker by sales came in at 59.2 billion yen ($586.25 million), better than an average estimate of around 46.72 billion yen from 10 analysts surveyed by Thomson Reuters I/B/E/S/.
Vehicle sales in India, its biggest market, rose 5.2 percent in the April-June period, while sales in Europe rose 15.2 percent.
Suzuki maintained its forecast for full-year operating profit to slide to 180 billion yen, based on a budgeted annual rate of 105 yen to the U.S. dollar.
Copyright Reuters, 2016
Courtesy : BRecorder