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Hong Kong Banks Slump After Morgan Stanley Downgrades Outlook
(Bloomberg) -- Hong Kong banks declined after Morgan Stanley cut the sector’s outlook, saying the stocks will underperform as a slowing economy and falling rates hurt profitability. Bank of East Asia Ltd. slumped 3.3% as of 11:03 a.m. local time while Hang Seng Bank Ltd. dropped 3.2%.


Posted: 2019-10-09 06:06:00

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I am with you alway, even unto the end of the world. Matthew, 28. 20

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