Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — Prime Minister Narendra Modi's Bharatiya Janata Party reportedly won...Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Political experts believe the vote could give more insight into national politics in each member state, rather than on the future of the EU itself.Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
* Hang Seng falls 1.2% to lowest closing since Feb.15
* U.S. blacklists Huawei, Chinese media toughens rhetoric
* Yuan slides past key level, PBOC vigilance caps losses
HONG KONG, May 17 (Reuters) - Hong Kong stocks on Friday touched their lowest close in more than three months as Sino-U.S. tensions heightened after Washington hit Chinese telecoms giant Huawei with sanctions, further straining trade ties.
** At the close of trade, the Hang Seng index was down 1.2% at 27,946.46 points. The Hang Seng China Enterprises index closed 1.1% lower.
** The sub-index of the Hang Seng tracking energy shares ended down 1.1%, while the IT sector closed 2.2% weaker, the financial sector ended 0.9% lower and the property sector closed 1.5% down.
** Trade tensions worsened this week after the Trump administration officially added China's Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecoms giant to do business with U.S. companies.
** An index representing IT hardware makers shed 4.4% to its lowest level since January 29.
** Chinese media is toughening its rhetoric in the trade war with the United States, evoking patriotism and past wars to rally support at home.
** The yuan curbed some of its losses after Reuters reported the People's Bank of China will not let the currency slip past the widely watched 7 per dollar handle. The offshore yuan hit its lowest since Nov. 30, 2018, earlier.
** The top gainer on the Hang Seng was China Mobile Ltd , which closed 1.8% higher, while the biggest loser was Sunny Optical Technology Group Co Ltd, which ended 10.4% lower.
** China's main Shanghai Composite index and the blue-chip CSI300 index both closed 2.5% lower, registering weekly losses for the fourth straight week.
** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.8%, while Japan's Nikkei index closed 0.9% firmer.
** About 1.98 billion Hang Seng index shares were traded. The volume traded in the previous trading session was 2.45 billion.
** At close, China's A-shares were trading at a premium of 23.49% over the Hong Kong-listed H-shares.
** The short and one-factor leveraged Hang Seng index, which is designed to replicate the payoff of a short or leveraged portfolio and is linked to the movements of the Hang Seng Index, was higher by 1.1% on the day at 4,916.73 points.
(Reporting by Noah Sin, Editing by Sherry Jacob-Phillips)