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"Open Invitation Issued for Listing on Hong Kong Stock Exchange"

Stock market in Hong Kong concludes a two-day run of gains, losing approximately 620 points or 2.4%, bringing the Hang Seng Index close to the 25,500-point mark. Anticipation for a negative opening on Wednesday.

Open Appeal Made for the Launch of Stock Trading in Hong Kong
Open Appeal Made for the Launch of Stock Trading in Hong Kong

"Open Invitation Issued for Listing on Hong Kong Stock Exchange"

The Institute for Supply Management released a report showing a slight increase in U.S. manufacturing activity in August, despite posting its sixth consecutive month of contraction. The Dow Jones Industrial Average dropped 249.07 points or 0.55 percent on Wednesday on Wall Street, with the NASDAQ Composite Index also recording a decline of 175.92 points or 0.82 percent. Meanwhile, West Texas Intermediate crude for October delivery saw a rise of $1.51 or 2.36 percent at $65.52 per barrel on Tuesday, due to concerns about supply disruptions following strikes on Russian energy sites by Ukraine.

In Asia, the Hang Seng Index is expected to open in the red again on Wednesday, following a two-day winning streak that was recently broken. Xiaomi Corporation soared 3.43 percent on Tuesday, but other companies in the index, such as Alibaba Group, CSPC Pharmaceutical, Techtronic Industries, and Meituan, experienced a stock price decline. Specific information about which Hang Seng Index listed companies experienced a stock price decline on Monday, August 23, 2021, is not available in the search results.

The global forecast for Asian markets is negative due to renewed ambiguity surrounding U.S. tariff policies. The U.S. Court of Appeals for the Federal Circuit ruled most of President Donald Trump's global tariffs as illegal, raising concerns about potential government repayments of billions of dollars in tariff revenue. Treasury yields surged in reaction to the ruling.

The Hang Seng Index consists of various active stocks, including Alibaba Group, Alibaba Health Info, ANTA Sports, China Life Insurance, China Mengniu Dairy, China Resources Land, CITIC, CNOOC, CSPC Pharmaceutical, Techtronic Industries, Galaxy Entertainment, Haier Smart Home, Lenovo, Hang Lung Properties, Henderson Land, Hong Kong & China Gas, Industrial and Commercial Bank of China, JD.com, Li Auto, Li Ning, Meituan, New World Development, Nongfu Spring, Hengan International, Xiaomi Corporation, WuXi Biologics, CKI Holdings, and ENN Energy. However, no new facts were provided regarding the performance of these specific stocks in the Hang Seng Index.

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