Macau Business Daily, Sept 30, 2014

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MOP 6.00 Closing editor: Luis Gonçalves Publisher: Paulo A. Azevedo Number 636 Tuesday September 30, 2014 Year III

HK markets tumble on protests M

arket volatility has reached a 3-year high. Hong Kong’s financial risk has climbed to a 15-month red line. The Hong Kong dollar has dropped the most in 6 months. Stocks have taken a hit, too, along with Macau casino stocks. Markets started yesterday with a massive sell-off of Hong Kong-listed companies. The gaming industry here faces more turmoil given the increasing volatility of the political landscape

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House prices to drop 10 percent

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Junkets are crucial for Australian casinos PAGE 5

MOP55 million for Zape pedestrian walk

The “aggressive prices” of sellers in Macau has hit a wall. Fewer transactions and less demand in Q3 is prompting a correction for the rest of the year. Centaline predicts housing prices will cool by some five to ten percent. Watch out for Hengqin, they say, as the hottest trend

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Cross-border police crack HK$200 mln scam

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HSI - Movers September 29

Name

%Day

China Shenhua Energ

0.23

China Mobile Ltd

-0.16

Ping An Insurance Gr

-0.67

China Life Insurance

-0.68

Tencent Holdings Ltd

-0.77

Cheung Kong Holding

-3.71

China Resources Pow

-3.74

Wharf Holdings Ltd/T

-3.75

Sino Land Co Ltd

-4.49

New World Developm

-4.57

Source: Bloomberg

I SSN 2226-8294

Steady at least Growth in China’s manufacturing sector likely stabilized in September as factory orders held up, giving some relief for those who worry the Chinese economy is quickly losing steam. The official manufacturing Purchasing Managers’ Index (PMI) edged up slightly to 51.2 in September compared with August’s 51.1, leaving it comfortably above the 50-point level demarcating an expansion from a contraction on a monthly basis.

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Gangnam style Macau residents are travelling more and often. Since January, around one million locals vacationed abroad. Seven percent more than a year ago. South Korea is the hot new destination for locals, with Macau tourists growing ten percent. Traditional favourites like Thailand and Malaysia fell off the radar, declining 55 and 30 percent, respectively

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Macau Business Daily, Sept 30, 2014 by Business Daily - Issuu