Hong Kong stocks hit 9-month high on lunar new year rush

Sunny Optical Technology Co

26/01/2023 05:19

Jan 26 (Reuters) - Hong Kong shares jumped on Thursday,
on course to mark a gain on the first day of trade in the year
of the rabbit, with local stock catching up to gains in other
markets as trade resumed after the three-day Lunar New Year
holiday.
    Mainland China markets are due to resume on Monday.
    ** The benchmark Hang Seng Index  .HSI  surged to as high as
22,475.11, the highest level since April 4, 2022, while the
Chinese H-shares Hang Seng China Enterprises Index  .HSCE  rose
2.2% to 7,651.12, the highest since July 5.
    ** At the midday break, Hang Seng Index  .HSI  rose 1.7% to
22,426.13 and the Hang Seng China Enterprises Index  .HSCE  was
up 2.1% at 7,636.90. 
    ** Sands China  1928.HK  leads rise in Macau casinos stocks
on Lunar New Year rush.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.85% while Japan's Nikkei index
 .N225  was down 0.31%.
    ** The top gainers among H-shares were Li Auto Inc
 2015.HK , up 10.69%, followed by Xiaomi Corp  1810.HK , gaining
9.27%, and Sunny Optical Technology Group Co Ltd  2382.HK , up
by 6.64%.
    ** The three biggest H-shares percentage decliners were
China Feihe Ltd  6186.HK , which has fallen 2.39%, CSPC
Pharmaceutical Group Ltd  1093.HK , which has lost 1.28%, and
Sino Biopharmaceutical Ltd  1177.HK , down by 0.83%.
    ** Hang Seng TECH Index  .HSTECH  jumped 3.2%, the IT sector
 .HSCIIT  rose 2.4% and the Hang Seng Mainland Properties Index
 .HSMPI  surged 3.1%
    ** The top gainer on the Hang Seng was Xiaomi Corp
 1810.HK , up 9.27%, while the biggest loser was Orient Overseas
(International) Ltd  0316.HK , which was down 3.98%.
 
 (Reporting by Donny Kwok; Editing by Krishna Chandra Eluri)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470;))