{"id":11527,"date":"2023-08-14T03:34:17","date_gmt":"2023-08-14T03:34:17","guid":{"rendered":"https:\/\/isafespend.com\/news\/hong-kong-stocks-fall-as-property-sector-sells-off-country-garden-down-15\/"},"modified":"2023-08-14T03:34:19","modified_gmt":"2023-08-14T03:34:19","slug":"hong-kong-stocks-fall-as-property-sector-sells-off-country-garden-down-15","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11527","title":{"rendered":"Hong Kong stocks fall as property sector sells off; Country Garden down 15%"},"content":{"rendered":"<div id=\"107285635-post\">\n<h2 class=\"LiveBlogBody-subtitle\">Shares of Country Garden continue to slide after it suspends trading of onshore bonds<\/h2>\n<div class=\"group\">\n<p>Shares of Chinese real estate company <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">Country Garden Holdings<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> continued to tumble after it announced that it will suspend the trading of 11 onshore bonds. The stock reached a new all time low after it slid 10% on its open.<\/p>\n<p>In a filing over the weekend, Country Garden said the suspension will take effect today, and the resumption of trading &#8220;will be determined separately.&#8221;<\/p>\n<p>&#8220;During the suspension, the company will perform information disclosure obligations in strict accordance with the requirements of relevant laws and regulations, and will apply for resumption of corporate bonds in a timely manner after relevant matters are determined,&#8221; it said.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"Embedded Interactive Chart\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=2007-HK&amp;range=1M&amp;type=mountain&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<\/div>\n<\/div>\n<div id=\"107285629-post\">\n<h2 class=\"LiveBlogBody-subtitle\">CNBC Pro: Alibaba is doubling down on A.I. \u2014 Chinese stocks to watch<\/h2>\n<\/div>\n<div id=\"107285498-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<p><span><\/span><time data-testid=\"lastpublished-timestamp\">Fri, Aug 11 2023<span class=\"LiveBlogTimestamp-datetimeDivider\"><\/span>4:42 PM EDT<\/time><\/p>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Crude oil extends rally to 7th week for first time since June, 2022<\/h2>\n<div class=\"group\">\n<p>September West Texas Intermediate crude oil contracts this week rallied for a 7<sup>th<\/sup> consecutive week for the first time since June 2022, while October Brent \u2014 the international benchmark \u2014 also rose for a 7th straight week.<\/p>\n<p>September natural gas contracts climbed 7.5% this week \u2014 the biggest weekly increase since mid-June.<\/p>\n<p>September gasoline added 6.5% this week, the most in a week since early March, and rising for a 4th week in five.<\/p>\n<p>The S&amp;P 500 Energy Index turned in the best performance of the 11 main sectors in the S&amp;P 500, rising 3.5% this week versus the S&amp;P 500 Health-Care Index&#8217;s 2.5% gain and the S&amp;P 500&#8217;s 0.3% loss.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/a54b41835a8b60db28c2.svg.svg+xml\" class=\"Collapsible-dismissButton\" alt=\"hide content\"><\/div>\n<\/div>\n<p><iframe title=\"S&amp;P 500 Energy vs S&amp;P 500 this week.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=.GSPE&amp;range=5D&amp;comp=.SPX&amp;type=mountain&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>S&amp;P 500 Energy vs S&amp;P 500 this week.<\/p>\n<\/div>\n<div class=\"group\">\n<p><em>\u2014 Scott Schnipper, Gina Francolla<\/em><br \/><strong><br \/><\/strong><\/p>\n<\/div>\n<\/div>\n<div id=\"107285146-post\">\n<h2 class=\"LiveBlogBody-subtitle\">CNBC Pro: \ufeffGoldman Sachs says this large automaker could be a &#8216;strong EV player&#8217; \u2013 and take 10% market share<\/h2>\n<div class=\"group\">\n<p>Goldman Sachs has said that a large global automaker&#8217;s aggressive plans to grow its electric vehicle sales could be a &#8216;strong EV player&#8217; by 2030.<\/p>\n<p>The Wall Street bank said the car maker&#8217;s cost-reduction strategy for EV sales could give it a 10% market share and drive a re-rating in its stock.<\/p>\n<p>CNBC Pro subscribers can read more here.<\/p>\n<p><em>\u2014 Ganesh Rao<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107285345-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<p><span><\/span><time data-testid=\"lastpublished-timestamp\">Fri, Aug 11 2023<span class=\"LiveBlogTimestamp-datetimeDivider\"><\/span>2:48 PM EDT<\/time><\/p>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Energy stocks are suddenly leading the market on the day, this week, this month and this quarter<\/h2>\n<div class=\"group\">\n<p>Don&#8217;t look now, but the best performing sector in the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">S&amp;P 500<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> on Friday, this week, this month and this quarter is \u2014 energy stocks. The group is outperforming both technology and the broader S&amp;P 500 since June 30.<\/p>\n<p>The S&amp;P 500 Energy Index was recently ahead 1.4% on Friday, 3.4% for the week, 2.5% in August and 9.9% since the start of the third quarter.<\/p>\n<p>The <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">Energy Select Sector SPDR Fund<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> is performing still better, rising about 1.6% Friday, 3.4% for the week, 2.7% in August and 10.7% in the third quarter-to-date.<\/p>\n<p>Better still is the quarterly performance of the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">VanEck Oil Services ETF<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>, which is higher by 1.4% on Friday, up 2% week-to-date, 1.4% in August, but 21.2% higher in the third quarter.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/a54b41835a8b60db28c2.svg.svg+xml\" class=\"Collapsible-dismissButton\" alt=\"hide content\"><\/div>\n<\/div>\n<p><iframe title=\"Oil service stock ETF vs S&amp;P 500 Tech Index since June 30, 2023.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=OIH&amp;dtLeft=2023-06-30&amp;dtRight=now&amp;comp=.GSPT&amp;type=mountain&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Oil service stock ETF vs S&amp;P 500 Tech Index since June 30, 2023.<\/p>\n<\/div>\n<\/div>\n<div id=\"107285146-post\">\n<h2 class=\"LiveBlogBody-subtitle\">CNBC Pro: \ufeffGoldman Sachs says this large automaker could be a &#8216;strong EV player&#8217; \u2013 and take 10% market share<\/h2>\n<div class=\"group\">\n<p>Goldman Sachs has said that a large global automaker&#8217;s aggressive plans to grow its electric vehicle sales could be a &#8216;strong EV player&#8217; by 2030.<\/p>\n<p>The Wall Street bank said the car maker&#8217;s cost-reduction strategy for EV sales could give it a 10% market share and drive a re-rating in its stock.<\/p>\n<p>CNBC Pro subscribers can read more here.<\/p>\n<p><em>\u2014 Ganesh Rao<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107285193-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<p><span><\/span><time data-testid=\"lastpublished-timestamp\">Fri, Aug 11 2023<span class=\"LiveBlogTimestamp-datetimeDivider\"><\/span>9:59 AM EDT<\/time><\/p>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Dollar index headed for fourth straight positive week<\/h2>\n<div class=\"group\">\n<p>The <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-undefined\">Dollar index<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> gained around 0.3% at 102.78, nearing its highest level since Aug. 8, when the index traded as high as 102.796.<\/p>\n<p>The measure of the U.S. dollar against a basket of major currencies is up 0.6% for the week. That means it&#8217;s on pace for its fourth straight week of gains for the first time since Feb. 24.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/isafespend.com\/wp-content\/uploads\/2023\/08\/a54b41835a8b60db28c2.svg.svg+xml\" class=\"Collapsible-dismissButton\" alt=\"hide content\"><\/div>\n<\/div>\n<p><iframe title=\"Dollar index\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=%40DX.1&amp;range=5D&amp;type=mountain&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Dollar index<\/p>\n<\/div>\n<div class=\"group\">\n<p><em>\u2014 Hakyung Kim, Gina Francolla<\/em><\/p>\n<\/div>\n<\/div>\n<div id=\"107285159-post\">\n<div class=\"group LiveBlogBody-postTimestamp\">\n<div class=\"LiveBlogTimestamp-liveBlogTimeStamp\">\n<p><span><\/span><time data-testid=\"lastpublished-timestamp\">Fri, Aug 11 2023<span class=\"LiveBlogTimestamp-datetimeDivider\"><\/span>8:36 AM EDT<\/time><\/p>\n<\/div>\n<\/div>\n<h2 class=\"LiveBlogBody-subtitle\">Producer price index rises more than expected in July<\/h2>\n<div class=\"group\">\n<p>The producer price index, a gauge of how much wholesalers pay for raw goods, rose more than expected last month, advancing 0.3%. Economists polled by Dow Jones expected an increase of 0.2%.<\/p>\n<p><em>\u2014 Fred Imbert<\/em><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/08\/14\/asia-markets.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Country Garden continue to slide after it suspends trading of onshore bonds Shares of Chinese real estate company Country Garden Holdings continued to tumble after it announced that it will suspend the trading of 11 onshore bonds. The stock reached a new all time low after it slid 10% on its open. In<\/p>\n","protected":false},"author":1,"featured_media":11528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-11527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong stocks fall as property sector sells off; Country Garden down 15% | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Shares of Country Garden continue to slide after it suspends trading of onshore bondsShares of Chinese real estate company Country Garden Holdings\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=11527\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong stocks fall as property sector sells off; 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