FOREX TradingCharts.com

Financial News: Hong Kong Trade Deficit Widens In August

Hong Kong Trade Deficit Widens In August

09/26/2017 - 05:49:00 (RTTNews)

(RTTNews) - Hong Kong's foreign trade deficit increased in August from a year ago, as imports grew faster than exports, the Census and Statistics Department reported Tuesday.

The visible trade deficit widened to HK$35.5 billion in August from HK$32.1 billion in the corresponding month last year. The deficit also rose from HK$29.6 billion in July.

Economists had expected the shortfall to drop to HK$28.0 billion.

Exports rose 7.4 percent year-over-year in August, faster than the 7.1 percent growth economists had forecast.

Imports climbed 7.7 percent in August from last year, exceeding the expected increase of 6.1 percent.

"Looking ahead, the improving global economy will likely bring further support to Asia's as well as Hong Kong's exports in the near term," a government spokesman said.

"However, uncertainties in the trading environment are still salient, as the global monetary environment could be complicated by US monetary policy normalisation and possible policy actions by other major central banks in the period ahead."

"Moreover, the possible rise in protectionist sentiment, Brexit-related negotiations and elevated geopolitical tensions in various regions are also sources of concern."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia's Consumer Confidence Improves (53 min(s), 07 sec(s) ago)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story»

Japan Manufacturing PMI Slows In October - Nikkei (39 min(s), 07 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story»

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph (34 min(s), 07 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story»

BRAZIL: Caution With Politics Dictates Stock Market Tone (23 min(s), 07 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story»

VENEZUELA: CNE Did Not Receive Formal Challenge To Electoral Process (05 min(s), 07 sec(s) ago)
(RTTNews) - Venezuela's National Electoral Council (CNE) director Tania D 'Amelio said tha ...Full Story»

COLOMBIA: Colcap Drops 0.32% On Fears Of Possible U.S. Rate Hike (50 min(s), 07 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.32% Monday, closing at ...Full Story»

VENEZUELA: Country And China Strengthen Strategic Alliance In Energy (41 min(s), 07 sec(s) ago)
(RTTNews) - Venezuela and China strengthened their strategic alliance in energy, primarily aiming ...Full Story»

COLOMBIA: Economy Expands 1.80% In August On Annual Basis (34 min(s), 07 sec(s) ago)
(RTTNews) - Colombia's Economic Monitoring Indicator (ISE) reached 160.2 in August, increasing ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia's Consumer Confidence Improves

10/23/2017 - 23:59 PM (RTTNews)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story>>

Japan Manufacturing PMI Slows In October - Nikkei

10/23/2017 - 20:45 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story>>

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph

10/23/2017 - 20:40 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story>>

BRAZIL: Caution With Politics Dictates Stock Market Tone

10/23/2017 - 20:29 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story>>

VENEZUELA: CNE Did Not Receive Formal Challenge To Electoral Process

10/23/2017 - 20:11 PM (RTTNews)
(RTTNews) - Venezuela's National Electoral Council (CNE) director Tania D 'Amelio said tha ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.