Hong Kong: Shares end up, aided by China rally
[HONG KONG] 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 US manufacturing data which raised questions about the US economy and the pace of expected interest rate rises by the Federal Reserve.
The Hang Seng index ended up 0.4 per cent at 22,479.69 points, while the China Enterprises Index gained 1.0 per cent to 10,050.36.
Property and financial shares strengthened but energy and technology stocks sagged.
Shares of VTech Holdings Ltd lost nearly 2 per cent 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.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results