HK-listed Aerospace Technology soars on inclusion in Hang Seng indexes

China Strategic Technology

05/09/2022 09:00

** Shares of satellite big data applications and solutions
group Hong Kong Aerospace Technology Group Ltd  1725.HK  more
than double to HK$18.60, the biggest daily pct gain since April
2021 if gains hold
    ** Stock hits the highest since July 5 and on track for a
third straight session of gain; biggest pct gainer in Hang Seng
Composite Index  .HSCI  and Hang Seng Stock Connect Hong Kong
Index  .HSHKI 
    ** Guangdong-based firm's current market value at $663.8 mln
    ** Co had said it will be included as a constituent stock of
Hang Seng family of indexes, including Hang Seng Composite Index
 .HSCI  and Hang Seng Stock Connect Hong Kong Index  .HSHKI ,
with effect from Sept. 5  urn:newsml:reuters.com:*:nFWN2ZY1Q0
    ** In July, co teamed up with cloud service provider Huawei
Cloud Hong Kong to establish a remote-sensing big data and AI
service platform in Guangdong-Hong Kong-Macau Greater Bay Area,
and it will responsible for a satellites launching project and
business development of the platform  urn:newsml:reuters.com:*:nFWN2OI0T0
    ** Hang Seng Stock Connect Hong Kong Index  .HSHKI  slips
1%, while Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  each falls 1.1%
    ** As of last close, the stock had dropped 66.2% this year
    

($1 = 7.8490 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))