[International Early Shuttle] China increases its infrastructure spending to mitigate the impact of the trade war on the economy – Newsletter website hkej.com



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According to Reuters, Chinese authorities plan to invest more funds for infrastructure spending and loosen local government borrowing restrictions to make up for the Sino-US trade war. negative impact of the economy.

Twitter Intel precipitated Nasdaq to close 1.46%

US GDP accelerated in the second quarter with an annual growth rate of 4.1%, oil companies' performance fell by 2.75% and inventories Intel's poor performance, the stock price dipped 8.59%, and Twitter users fell, the stock price dipped 20.54%, both dragged higher US stocks and then went down, the Nasdaq closed 1.46%. The Dow Jones lost 157 points at the end, closing 76 points to 25,451 points, the index falling 0.66% to 2,818 points and the technology sector 2%. Disney bought Huo's badets at $ 556.1 million

According to foreign reports, Fox and Disney shareholders agreed that Disney acquired most of 21st Century Fox's badets for $ 71.3 billion, or about $ 556.1 billion.

Information Bulletin on Peripheral Centers

■ The US dollar index fell to 94.67, down 0.11%. The euro against the US dollar at $ 1.1661, up 0.15%.
■ New york gold futures in August closed down $ 2.7 or 0.2% to $ 1,223 an ounce.
■ New York oil futures fell 92 US cents, or 1.3%, to close at $ 68.69 per barrel. Brent oil futures contract fell 0.3%.
■ Pharmaceuticals Merck earnings per share in the second quarter of $ 1.06, better than expected, upward revision of annual earnings guidance.
■ The European index Stoxx 600 closing up 0.40%.
■ Hong Kong at 4:59 this morning, the offshore renminbi (CNH) against the US dollar reported 6.8240 yuan, up 17 points from Thursday night in New York.

Loss of 5.4 billion people in the first quarter of ZTE

ZTE (00763) announced the report of the first quarter results, a loss of 5.407 billion yuan, against a profit of 1.214 billion yuan. ;last year.

China Railway Group (00390) announced the signing of the strategic cooperation framework agreement with the Guizhou Provincial Transportation Department and the Guizhou Transportation Foundation during the period of the 13th Five-Year Plan. The investment in the construction of the facility is 100 billion yuan.

Local Focus Newsletter

■ The Hong Kong ADR equity index closed at 28,725 points, 79 points lower than the closing of the Hang Seng index in Hong Kong.
■ The futures index on the overnight market closed at 28,641 points, down 88 points, while the Hang Seng index of yesterday ended lower of 163 points.
■ Lai Sun Development (00488) Feng Yue, a third-party affiliate and independent, sold a total of $ 4.1 billion for the sale of the Kowloon Astronomical Observatory.
■ Jiangxi Copper (00358) expects a 50% to 80% increase in interim net profit from one year to the next.
■ Wang Laoji brand deal, Baiyunshan (00874) parent company was compensated for 1.441 billion yuan.
■ Evergrande (03333) repurchased 6,691,100 shares at a price of 21.65 yuan at 22.05 yuan per share, at a price of 146 million yuan.
■ In the first half of this year, the investment income of the exchange fund fell nearly 80% from one year to the other only 27.3 billion yuan.

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