BUZZ-Chow Tai Fook falls most in near 5 weeks as quarterly retail sales value slips
Reuters
Jul 23
BUZZ-<a href="https://laohu8.com/S/01929">Chow Tai Fook</a> falls most in near 5 weeks as quarterly retail sales value slips
** Shares of Chow Tai Fook Jewellery1929.HK fall 3.7% to HK$13.48, their biggest intraday pct drop since June 19
** Stock on course to snap two straight session of gains, if current momentum holds
** The Hong Kong-based jewellery chain operator said its retail sales value for the three-month quarter ended in June down 1.9% y/y, of which retail sales value in mainland China drops 3.3% y/y but up 7.8% y/y in Hong Kong
** Hang Seng Consumption Index .HSCGSI gains 0.2%, benchmark Hang Seng Index .HSI rises 1.3%
** YTD, stock up 100.3%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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