Hong Kong stocks post biggest fall in 4 months on N.Korea, China economy worries

A local bank in Hong Kong ,Asian stocks were mixed Tuesday as geopolitical tensions surrounding the Korean Peninsula softened somewhat following US Vice President Mike Pence’s departure from South Korea for Japan. (AP Photo)
Updated 18 April 2017
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Hong Kong stocks post biggest fall in 4 months on N.Korea, China economy worries

HONKING: Hong Kong stocks closed at a one-month low after posting their biggest percentage drop in four months, as investors returning from their holiday break had their first chance to react to escalating tensions over North Korea.
Sentiment was also hurt by deepening worries over the sustainability of China’s economic recovery, with financial and resource shares leading the market decline.
The Hang Seng index fell 1.4 percent, to 23,924.54, while the China Enterprises Index lost 1.6 percent to 10,043.52 points.
Following North Korea’s failed missile launch on Sunday, tensions have escalated amid concerns that the isolated state may soon test another nuclear bomb or missile.
Shares fell across the board.
An index tracking commodity shares fell 1.5 percent while the finance sector also dropped 1.5 percent.
But consumer shares, largely viewed as defensive in nature, suffered the least, down only 0.7 percent.


New York City Mayor de Blasio ends 2020 presidential bid

Updated 20 September 2019

New York City Mayor de Blasio ends 2020 presidential bid

  • The mayor, who is barred from seeking a third four-year term in New York in 2021, struggled to build a national profile and stand out in a crowded field
  • De Blasio had failed to qualify for a Sept. 12 debate that featured the 10 leading candidates for the party’s nomination

NEW YORK: New York City Mayor Bill de Blasio on Friday said during an MSNBC television appearance that he was dropping out of the 2020 presidential campaign.
De Blasio, 58, launched his candidacy in May with the central campaign message “Working People First,” becoming the 24th Democrat to attempt to take on President Donald Trump in next year’s election.
The mayor, who is barred from seeking a third four-year term in New York in 2021, struggled to build a national profile and stand out in a crowded field that includes former Vice President Joe Biden and a long list of experienced politicians.
News of the mayor ending his presidential bid was greeted with sarcasm by Trump.
“Oh no, really big political news, perhaps the biggest story in years! Part time Mayor of New York City, @BilldeBlasio, who was polling at a solid ZERO but had tremendous room for growth, has shocking dropped out of the Presidential race,” Trump tweeted early on Friday. “NYC is devastated, he’s coming home!“
De Blasio had registered little support in polls and was eclipsed by progressive US senators Bernie Sanders and Elizabeth Warren.
De Blasio said on MSNBC’s “Morning Joe” that a “central reason” for his decision was the party’s rules for qualifying for televised debates. He had failed to qualify for a Sept. 12 debate that featured the 10 leading candidates for the party’s nomination.
“The bar is so high so early that for a lot of us — clearly, some of my fellow chief executives, governors — couldn’t make that cut,” de Blasio said. “It’s clear to me it’s a high bar, and that it’s one I’m not going to be able to meet.”
De Blasio had emphasized during the campaign a list of progressive wins under his leadership, including universal pre-kindergarten, the end of the policing practice known as stop-and-frisk and paid sick leave, all in a city that has a bigger population, more than 8 million, than most US states.
Most New Yorkers had appeared unenthused about de Blasio’s presidential aspirations. A Quinnipiac University poll in April found more than three-quarters of New Yorkers did not feel he should make a White House bid.