Hong Kong shares end 9-day winning streak, pull back from 2-yr highs

Power Assets Holdings

21/07/2017 09:21

HONG KONG, July 21 (Reuters) - Hong Kong stocks snapped a 
nine-day winning streak on Friday as investors took a breather 
after the benchmark index scaled a fresh two-year peak in the 
previous session. 
    The Hang Seng index  .HSI  shed 0.1 percent, or 34.12 points 
to 26,706.09, ending its longest streak of gains since April 
2015. However, it rose 1.3 percent this week, its second week in 
the black. 
    Gains in telcos and industrial stocks were offset by losses 
in energy and financial shares. 
    The Hang Seng China Enterprises Index  .HSCE , which tracks 
the performance of China companies listed in Hong Kong, was 0.6 
percent, or 59.70 points, lower at 10,787.13. 
    AAC Technologies  2018.HK , which closed at a record high on 
Thursday, was the biggest drag on the index with a sizable 12.1 
percent loss.  
    A near 11 percent ascent in Power Assets Holdings  0006.HK  
shares ensured that utilities  .HSNU  took the honours for the 
best performing sector in percentage terms.  
    The stock capped its biggest intraday rise since October, 
2008. 
     
 
 (Reporting by Rushil Dutta in Hong Kong; Editing by Shri 
Navaratnam) 
 ((rushil.dutta@thomsonreuters.com ; +91-80-6749-1130; Reuters 
Messaging: rushil.dutta.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA STOCKS/HONGKONG CLOSE