Hong Kong: Key index rises, helped by energy, property shares

[HONG KONG] Hong Kong's benchmark share index, which has moved sideways since April's surge, rose 0.7 per cent on Wednesday as energy and real estate stocks posted solid gains.

The financial sector was weak, weighed down by listed Chinese lenders, after China launched certificates of deposit (CDs), a move that paves the way for full interest rate liberalisation and threaten banks' margins.

The Hang Seng index ended at 27,657.47, while the China Enterprises Index lost 0.6 per cent, to 14,114.94 points.

Analysts said there was no fresh stimulus in sight to trigger bets on the market's direction.

China's CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.4 per cent on Wednesday.

REUTERS