Hong Kong stocks ease ahead of China market reopening after Lunar New Year holiday

Sunny Optical Technology Co

27/01/2023 05:24

Jan 27 (Reuters) - Hong Kong shares edged down on
Friday, with investors locking in gains after a strong start in
the new year and ahead of the reopening of China markets after a
week-long Lunar New Year holiday.
    ** Mainland China markets are due to resume trading on
Monday.
    ** By lunch break, the Hang Seng index  .HSI  was down 11.51
points or 0.05% at 22,555.27. The Hang Seng China Enterprises
index  .HSCE  rose 0.18% to 7,720.65.
    ** The top gainer on the Hang Seng was Country Garden
Holdings Co Ltd  2007.HK , which gained 3.61%, while the biggest
loser was Xinyi Solar Holdings Ltd  0968.HK , which fell 3.53%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.11%, while Japan's Nikkei index
 .N225  closed up 0.08%.
    ** Property developers, including Henderson Land  0012.HK 
and CK Asset  1113.HK , slipped as Hong Kong home prices dropped
15.6% in 2022, snapping 13 years of gain.  urn:newsml:reuters.com:*:nL1N34C05R
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  rose 0.7%, while the IT sector  .HSCIIT  added 0.47%,
the financial sector  .HSNF  eased 0.42% and the property sector
 .HSNP  rose 0.35%.
    ** The top gainers among H-shares were SenseTime Group Inc
 0020.HK  up 12.39%, followed by Country Garden and Longfor
Group Holdings Ltd  0960.HK , which was up 3.51%.
    ** The three biggest H-shares percentage decliners were
Xinyi Solar, Lenovo Group Ltd  0992.HK , which fell 2.8% and
Zhongsheng Group Holdings Ltd  0881.HK , down by 2.23%.
 (Reporting by Donny Kwok; editing by Uttaresh.V)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))