{"id":8953,"date":"2008-10-27T00:00:00","date_gmt":"2008-10-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hong-kong-shares-lower-on-recession-fears-hedge-funds-redemption-worries","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hong-kong-shares-lower-on-recession-fears-hedge-funds-redemption-worries.html","title":{"rendered":"Hong Kong shares lower on recession fears, hedge funds redemption worries"},"content":{"rendered":"<p>Reuters HK &#8211; Share prices were sharply lower at mid-morning, with the key index briefly slipping below the 12,000 level, on global recession fears and worries about hedge fund redemptions. <\/p>\n<p>Dealers noted concerns that the Japanese yen&#8217;s surge against the US dollar will force more unwinding of positions by some funds as they seek to repay yen-denominated loans.<\/p>\n<p>China banks were sharply lower after China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC) reported disappointing third-quarter results.<\/p>\n<p>Commodity firms slumped on ongoing worries that a global economic downturn will reduce demand for energy and raw materials.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2008\/10\/26\/afx5606337.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters HK &#8211; Share prices were sharply lower at mid-morning, with the key index briefly slipping below the 12,000 level, on global recession fears and worries about hedge fund redemptions. Dealers noted concerns that the Japanese yen&#8217;s surge against the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3014,3379,207,3380,3378,935,1132,3377,3131,3381,117,3376,2312,3375,1569],"class_list":["post-8953","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-cocoa","tag-commercial-bank-of-china","tag-commodities","tag-currency-trader","tag-energy-sectors","tag-exchange-value","tag-executive-suite","tag-finance-llc","tag-global-asset-allocation","tag-industrial-and-commercial-bank-of-china","tag-investment-arm","tag-mortgage-backed-assets","tag-motive","tag-orgy","tag-passport"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8953"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8953\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}