Hong Kong stocks extend gains as Trump returns to White House

Link Real Estate Investment Trust

06/10/2020 05:52

* Hang Seng index gains 0.75%
    * China Enterprises index HSCE rises 0.92% 
    * HSI finance sub-index edges up 0.2%; property up 0.4%

    HONG KONG, Oct 6 (Reuters) - Hong Kong shares rose on
Tuesday, tracking strength in overseas markets as U.S. President
Donald Trump left the hospital following treatment for COVID-19,
a development viewed as reducing political uncertainties in the
near term.  
    
    ** Investors' risk appetite improved after Trump returned to
the White House late Monday and said he felt "real good", though
one of his doctors cautioned that he may not be out of the woods
yet.
    ** By midday, the Hang Seng index  .HSI  was 179.19 points
higher, or 0.75%, at 23,946.97.
    ** China's H-shares index  .HSCE  gained 0.92% to 9,534.48,
on track for a third consecutive session of gains.
    ** Hang Seng Tech Index  .HSTECH  surged 3.25%, and the
energy index  .HSCIE  rose 2.25%. The sub-index of Hang Seng
tracking IT sector  .HSCIIT  rose 1.63%, the property climbed
0.43%, and the financial sector  .HSNF  gained 0.2%. 
    ** Geely Automobile Holdings Ltd  0175.HK , which gained
6.11%, was the top gainer on the Hang Seng, while Link REIT
 0823.HK  was the top drag with a 1.66% drop. 
    ** Chinese markets are closed for a national holiday from
Oct. 1 to Oct. 8.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 1.21%, while Japan's Nikkei index
 .N225  was up 0.45%.
    ** The top gainers among H-shares were Geely Automobile,
followed by Meituan Dianping  3690.HK , which was up 3.66%, and
Xiaomi Corp  1810.HK , which rose 3.37%
    ** The three biggest H-shares percentage decliners were
China Telecom  0728.HK , which was down 2.10%, followed by Bank
of China  3988.HK , which fell 1.25%, and China Unicom  0762.HK 
that lost 0.98%.
  

 (Reporting by Donny Kwok; Editing by Sherry Jacob-Phillips)
 ((donny.kwok@thomsonreuters.com; +852 3952 5874; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))