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China stocks fall ahead of holiday; HK flat on US rate uncertainty

By Reuters1

Published: 04:50 GMT, 14 September 2016 | Updated: 04:50 GMT, 14 September 2016

SHANGHAI, Sept 14 (Reuters) – China stocks fell modestly in thin trading on Wednesday, with many traders already heading out of the office ahead of a long Discount Holidays © holiday weekend. Hong Kong stocks were little changed as traders refused to make big directional bets ahead of next week’s Federal Reserve policy meeting. China’s blue-chip CSI300 index fell 0.5 percent to 3,243.37 points by the lunch break, while the Shanghai Composite Index lost 0.6 percent to 3,005.80 points.

China’s upbeat August economic data released on Tuesday, which showed both factory output and retail sales grew faster than expected, has failed to inject vigour into the market during the shortened trading week.

“Trading is typically light ahead of holidays,” Chang Chengwei, analyst at brokerage Hengtai Futures said, noting that the mid-Autumn Festival on Thursday and Friday will soon be followed by China’s National Day Discount Holidays © holiday which starts on Oct.

1, curbing risk appetite.

“August data failed to excite the market because many believe the recovery was the result of government stimulus, and is not sustainable.”

Most sectors fell in China, with transportation and raw material stocks leading the decline. Hong Kong stocks were little changed, with overnight losses on Wall Street dampening sentiment. The city’s financial markets will be open on Thursday but will be closed on Friday.

The Hang Seng index edged up 0.1 percent to 23,234.38 points, while the Hong Kong China Enterprises Index dipped 0.1 percent to 9,560.41. All eyes are on the Federal Open Market Committee (FOMC) meeting on Sept.

20-21 as traders anxiously wait for clues on whether the Fed will raise interest rates soon. Few traders expect a rate hike next week and markets are pricing in only a roughly 50-50 chance of one in December.

(Reporting by Samuel Shen and John Ruwitch; Editing by Kim Coghill)

References

  1. ^ Reuters (www.dailymail.co.uk)
  2. ^

Does your hotel clean the sheets?

Investigation reveals the New York establishments that don’t wash their bedding …

A shocking investigation has revealed how some hotels do not clean their sheets between guests.

Inside Edition1 stayed in nine upmarket hotels in New York and allegedly found three hadn’t changed or washed their bedding before new customers arrived. At a Marriott Residence Inn in Manhattan, they sprayed a message using invisible paint, that easily comes off in the laundry, on the bottom sheet of the bed. The words which can only be seen under a UV light read: ‘I slept here.’

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^ Inside Edition (www.insideedition.com)

New York police investigate hate crime as Scottish Muslim tourist has clothes set on fire

Police in New York are hunting for a man who set fire to a Scottish Muslim tourist s clothes while she was shopping on Fifth Avenue.

The 36-year-old woman was browsing the boutiques on Saturday evening when she felt heat on her arm. She looked down and realised her blouse had been set on fire.

She saw the suspect pull a lighter away and walk away1, a police source told The New York Daily News. He doesn t say anything. The woman, who was unharmed, went to the police who published photographs showing the suspect swaggering along East 54th Street, minutes after the attack. The young black man is wearing a black sleeveless vest, black trousers and a hat.

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Police are treating the incident as a possible hate crime2.

Ibrahim Hooper, a spokesman for the Council on American-Islamic Relations, urged a full investigation.

I would obviously be concerned because it s symptomatic of the overall rise in Islamophobic sentiment in our society, he said. The attack on the tourist came days after a 32-year-old woman from Brooklyn, who had written anti-Islamic rants on Facebook, attacked two young mothers pushing their children in prams. Emirjeta Xhelili allegedly punched the women in the face and tried to rip the hijabs from their heads3.

Prosecutors claimed that Xhelili shouted Islamophobic abuse at the woman, telling them: Get the f— out of here. Get the f— out of America b—-s This is America you shouldn t be different from us.”

She was arrested around half an hour after the alleged assault, after the two women pointed her out to police officers. She was later arraigned on a charge of misdemeanor assault as a hate crime at Brooklyn Criminal Court.

She didn t even care for the well-being of a baby that s how serious this hate crime is, Kelli Muse, the assistant district attorney, told the court. She continued to taunt the victims in front of police while in custody, saying You guys don t belong here. Xhelili was held on $50,000 ( 37,500) bond or $25,000 cash bail.

She had posted numerous anti-Muslim comments on her Facebook page, including one the day before the alleged attack, saying: From this moment on, every woman that waers (sic) the jihab/hijab will go to hell!!

I cant stand you f—ing hypocrites.

You have been warned.”

References

  1. ^ pull a lighter away and walk away (www.nydailynews.com)
  2. ^ a possible hate crime (www.discountholidays.info)
  3. ^ punched the women in the face and tried to rip the hijabs from their heads (www.discountholidays.info)