HK stocks rise on energy boost, though Sino-West tensions weigh Reuters 2 hrs ago HSI +0.8%, HSCE +0.3%, CSI300 -1.2% FTSE China A50 -1.3%
May 6 (Reuters) - Hong Kong stocks eked out gains on Thursday, helped by energy firms, though the upmove was capped by tensions between China and the West. At the close of trade, the Hang Seng index was up 219.48 points, or 0.77%, at 28,637.46. The Hang Seng China Enterprises index rose 0.32% to 10,756.37. The sub-index of the Hang Seng tracking energy shares rose 2.4%, while the IT sector climbed 0.26%, the financial sector ended 0.88% higher which the property sector closed 0.35% firmer. The top gainer on the Hang Seng was Budweiser Brewing Company APAC Ltd, which gained 4.94%, while the biggest loser was Haidilao International Holding Ltd, which fell 7.4%.
HSI -2.0%, HSCE -2.0%, CSI300 -0.8% FTSE China A50 -1.0%
April 30 (Reuters) - Hong Kong stocks dropped on Friday to post weekly losses, weighed down by tech firms, after Beijing widened crackdown on fintech companies as financial watchdogs might order them to strengthen compliance with regulations. The Hang Seng index fell 2% to 28,724.88, while the China Enterprises Index lost 2% to 10,825.25 points. For the week, HSI declined 1.2% while HSCE shed 2.2%. Tech stocks led the slide on Friday amid mounting regulatory concerns. The Hang Seng tech index and the Hang Seng IT index retreated 2.2% and 2.3%, respectively. Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, the central bank said.
By Reuters Staff
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SHANGHAI, April 30 (Reuters) - China stocks fell on Friday to close the week lower as data showed the country’s factory activity growth slowed in April, while worries over policy tightening and Sino-U.S. tensions continued to weigh on the market. The blue-chip CSI300 index fell 0.8% to 5,123.49, while the Shanghai Composite Index ended down 0.8% at 3,446.86. For the week, CSI300 slipped 0.2%, while SSEC dropped 0.8%. China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum. Despite the soft data, analysts and traders said overall solid economic growth allowed Beijing more leeway to rein in bubbles in its financial markets.
Yum China, WH Group gain on strong Q1 earnings China set to report first population drop since 1949
SHANGHAI, April 28 (Reuters) - Hong Kong shares closed higher on Wednesday, with financials and consumer staples leading gains on the back of strong corporate earnings, while investors await cues on policy from politburo meetings due later this week. At the close of trade, the Hang Seng index was up 129.80 points or 0.45% at 29,071.34. The Hang Seng China Enterprises index rose 0.28% to 11,014.69. The sub-index of the Hang Seng tracking energy shares rose 0.1%, while the IT sector edged up 0.16%, the financial sector ended 0.97% higher and the property sector dipped 0.14%.