HK retailers, Macau gaming stocks gain on China easing visa curbs

Sands China

29/11/2024 05:56

** Hong Kong tourism stocks and Macau gaming shares gain as
China eases visa restrictions for Shenzhen and Zhuhai residents
visiting Hong Kong and Macau
    ** Jeweller Chow Tai Fook  1929.HK  rises 1.6%, skin care
chain Sa Sa International  0178.HK  jumps 7.5% and hot pot
restaurant chain Haidilao  6862.HK  surges 5.2%
    ** Sands China  1928.HK  climbs 3.9%, Galaxy Entertainment
 0027.HK  rises 3.6%, Wynn Macau  1128.HK  climbs 2.7%, MGM
China  2282.HK  adds 2.6%, while SJM  0880.HK  and Melco
 0200.HK  up 2.3% and 0.6%, respectively
    ** China eases visa restrictions for Shenzhen residents
visiting Hong Kong, allowing multiple entries per year from Dec.
1, Xinhua reports
    ** Hong Kong expects lenient entry policy to benefit
tourism-related industries, including retail and catering
    ** Visa rules for Zhuhai residents also eased, allowing
once-a-week entry to Macao for not more than seven days
effective Jan. 1
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.6%,
Hang Seng Consumption Index  .HSCGSI  rises 1.1% and Hang Seng
Index  .HSI  up 0.4%
    

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