Hong Kong Shares End Up, Aided by China Rally

Hong Kong stocks rose on Wednesday, bolstered by financial and property shares as well as a sharp rebound in blue-chips in mainland China.

But gains were capped by downbeat U.S. manufacturing data which raised questions about the U.S. economy and the pace of expected interest rate rises by the Federal Reserve.

The Hang Seng index ended up 0.4 percent at 22,479.69 points, while the China Enterprises Index gained 1.0 percent to 10,050.36.

Property and financial shares strengthened but energy and technology stocks sagged.

Shares of VTech Holdings Ltd lost nearly 2 percent after the digital toymaker said a cyber attack on the company exposed the data of 6.4 million children, in what experts called the largest known hack targeting youngsters.

Source : Reuters


Hong Kong Shares Post 3rd Week of Gains, Aided By Beijing Stimulus Hopes

Hong Kong shares rose to a two-month high on Friday, on hopes for more stimulus moves by Beijing and rising expectations that the United States won’t raise interest rates this year.

The Hang Seng index rose 0.8 percent to 23,067.37. The China Enterprises Index also gained 0.8 percent, to 10,637.01 points.

Both indexes rose for a third straight week. This week, Hang Seng climbed 0.8 percent, while CSCE advanced 2.2 percent.

Performance of main sectors was mixed. Financial stocks posted robust gains, but consumer goods, energy and utility stocks sagged.

Among the most actively traded stocks on Hong Kong’s main board were Ngaishun Hold, down 12.0 percent to HK$ 0.02 Ali Pictures, up 13.2 percent to HK$ 2.15 and CCT Land , unchanged at HK$ 0.02.

Total trading volume of companies included in the HSI index was 2.0 billion shares.

Source : Reuters