Hong Kong stocks track broader Asia softer amid China holiday, Chinese developers jump

Country Garden Services Holdings

03/10/2022 09:48

HONG KONG, Oct 3 (Reuters) - Hong Kong shares tracked
broader Asia lower on Monday, with investors staying away amid a
week-long holiday in China while awaiting hints for clearer
direction.     
    ** The Hang Seng index  .HSI  was down 143.32 points, or
0.83%, at 17,079.51, the lowest close since April 2009. The Hang
Seng China Enterprises index  .HSCE  fell 0.97%.
    ** New World Development  0017.HK  was the biggest loser on
the Hang Seng Index, falling as much as 7.4% to its lowest since
December 2008 after setting a lower sales target for China.
 urn:newsml:reuters.com:*:nL1N3140A3
    ** The top gainer on the Hang Seng was Country Garden
Holdings  2007.HK , which jumped 8.79%
    ** Hong Kong-listed shares of Chinese property developers
jumped on expectation of further measures by local governments
to shore up their markets in the fourth quarter.  urn:newsml:reuters.com:*:nL1N31403X
 urn:newsml:reuters.com:*:nL1N312037
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  rose 0.3%, while the IT sector  .HSCIIT  dipped 1.14%,
the financial sector  .HSNF  ended 1.57% lower and the property
sector rose 1.75%.
    ** The top gainers among H-shares were Country Garden,
followed by Country Garden Services  6098.HK , surging 8.13% and
 Longfor Group  0960.HK , up by 7.98%.
    ** The three biggest H-shares percentage decliners were
Postal Savings Bank of China  1658.HK , which was down 11.02%,
Ping An Insurance  2318.HK , which fell 4.34% and ENN Energy
 2688.HK , down by 3.9%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was weaker by 0.77%, while Japan's Nikkei index
 .N225  closed up 1.07%.
 (Reporting by Donny Kwok; Editing by William Maclean)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))