Business

Hong Kong market falls despite share buybacks


Event: Alibaba’s conversion from secondary listing on the Hong Kong Stock Exchange to a primary listing takes effect. Chilean Foreign Minister Alberto van Klaveren continues his official visit to India.

Central Bank: The Bank of Israel announces its decision on interest rates, which are forecast to remain unchanged at 4.5% according to a Reuters poll.

Economic data: Australia is to release July consumer prices and second-quarter construction data. CPI is expected to have fallen to 3.4 percent from 3.8 percent in June, according to a Bloomberg poll.

Update business information: Chinese electric vehicle maker BYD, food delivery platform Meituan, developer R&F Properties and offshore drilling company Cnooc reported earnings, as did Australian mining company Fortescue.

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