SHANGHAI (Reuters) - Shares in Chinese toy makers, diaper producers and infant food companies soared for the second day on Tuesday, as investors piled into stocks seen as benefitting from Beijing s new three-child policy. China s announcement on Monday to allow married couples to have up to three children - from the previous limit of two - also sent brokerage analysts scrambling to recommend stocks, despite a widely-shared perception that the policy shift won t have a sudden impact on the country s declining birth rate. Shares in toy maker Goldlok Holdings (Guangdong) Co jumped to their 10% daily limit for the second day, as did shares in Jinfa Labi Maternity & Baby Articles Co. Other baby-related stocks, including milk powder maker Beingmate Co, baby products maker Shanghai Aiyingshi Co and toddler care equipment maker Ningbo David Medical Device Co also soared. An index tracking the so-called third baby concept stocks, newly compiled by Hithink RoyalFlush Information Network Co, rose
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China Enterprises index HSCE drops 1.28% HSI financial sub-index sinks 2.1%; property sector down 1%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed. By lunch break, the Hang Seng index was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index fell 1.28% to 10,686.87. The sub-index of the Hang Seng tracking energy shares slid 0.4%, while the IT sector dipped 0.94%, the financial sector fell 2.11% and the property sector was down 1.04%. China’s stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.
Hong Kong stocks end over 1% lower as financials, Mengniu weigh Reuters 2 hrs ago
Popular Searches HSI financial sub-index is down 2%; property sector slips 0.6%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, due to profit-booking after a recent rally in subdued trading as the Chinese markets were closed for holidays, while rising COVID-19 cases in the region raised concerns of more measures and deeper economic pain. The Hang Seng index closed down 367.34 points, or 1.28%, at 28,357.54, its lowest closing since March 29. The Hang Seng China Enterprises index fell 1.04% to 10,713. After identifying a cluster of COVID-19 cases over the weekend, Singapore tightened social distancing controls.
China Enterprises index HSCE drops 1.28% HSI financial sub-index sinks 2.1%; property sector down 1%
HONG KONG, May 3 (Reuters) - Hong Kong stocks fell on Monday, with financials leading the slide, as investors locked in gains after a recent rally, while many kept to the sidelines as China markets remain closed. By lunch break, the Hang Seng index was down 424.36 points, or 1.48%, at 28,300.52. The Hang Seng China Enterprises index fell 1.28% to 10,686.87. The sub-index of the Hang Seng tracking energy shares slid 0.4%, while the IT sector dipped 0.94%, the financial sector fell 2.11% and the property sector was down 1.04%. China’s stock and bond markets, as well as its foreign exchange and commodity futures markets, are closed on May 1-5 for the Labour Day holiday. Trade will resume on May 6.