HK shares track global equities higher on stimulus hopes, vaccine boost
16/12/2020 08:53
* HK->Shanghai Connect daily quota used 7.8%, Shanghai->HK
daily
quota used 0.6%
* HSI +1.0%, HSCE +0.6%, CSI300 +0.2%
* FTSE China A50 +0.6%
BEIJING/SHANGHAI, Dec 16 (Reuters) - Hong Kong shares edged
up on Wednesday, with tech and healthcare stocks leading the
gains, while the index tracked global equities higher on
positive vaccine news and stimulus hopes.
** At the close of trade, the Hang Seng index .HSI was up
253.00 points or 0.97% at 26,460.29. The Hang Seng China
Enterprises index .HSCE rose 0.6% to 10,461.9.
** The sub-index of the Hang Seng tracking IT sector .HSCIIT
rose 1.48%, the financial sector .HSNF ended 0.71% higher and
the property sector rose 0.93%.
** Investors seemed to have shrugged off deep losses in Hong
Kong-listed shares of Semiconductor Manufacturing International
Corp 0981.HK after the chipmaker fell up to 9.6% on report of
a key executive's decision to leave the company. urn:newsml:reuters.com:*:nL1N2IW09L
** The top gainer in the Hang Seng was Techtronic Industries Co
Ltd 0669.HK , which gained 5.11%, while the biggest loser was
Industrial and Commercial Bank of China Ltd 1398.HK , which
fell 1.27%.
** Overnight, global stocks gained as positive coronavirus
vaccine news and progress toward further U.S. fiscal stimulus
and a Brexit deal encouraged investors to embrace risk.
urn:newsml:reuters.com:*:nL1N2IV2JX
** China's main Shanghai Composite index .SSEC closed flat at
3,366.98 points, while the blue-chip CSI300 index .CSI300
ended up 0.18%, with consumer stocks lifted by data-fueled
confidence on economic recovery.
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was weaker by 0.26%, while Japan's Nikkei index
.N225 closed up 0.26%.
(Reporting by Cheng Leng in Beijing and Andrew Galbraith in
Shanghai; Editing by Sherry Jacob-Phillips)