Hong Kong stocks rise, China markets reopen next week after Lunar New Year break

Techtronic Industries Co

16/02/2024 04:43

Feb 16 (Reuters) - Hong Kong stocks rose on Friday, on
track for the third straight session of gain, with investors
accumulating shares ahead of the reopening of China markets next
week after the week-long Lunar New Year holidays.
    ** Traders said investors were betting for a strong start,
awaiting Chinese authorities' moves to support the struggling
stock market. 
    ** Mainland China's financial markets are closed through the
week for Lunar New Year. 
    ** By lunchbreak, the Hang Seng index  .HSI  was up 297.70
points or 1.87% at 16,242.33. The Hang Seng China Enterprises
index  .HSCE  rose 2.05% to 5,521.78.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  rose 1.1%, while the technology sector  .HSTECH  surged
2.69%, the financial sector  .HSNF  climbed 0.97% and the
mainland property index  .HSMPI  jumped 4.27%.
    ** The top gainer on the Hang Seng was WuXi Biologics
 2269.HK , which gained 12.45%, while the biggest loser was
Techtronic Industries  0669.HK , which fell 0.36%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.71%, while Japan's Nikkei index
 .N225  was up 1.56%.
     ** The top gainers among H-shares were ENN Energy
 2688.HK , up 7.73%, followed by Xpeng Inc  9868.HK , gaining
6.36%, and Longfor Group  0960.HK , up by 6.35%.
    ** The three biggest H-shares percentage decliners were
China Shenhua Energy  1088.HK , which was down 0.17%, NetEase
Inc  9999.HK , which fell 0.47%, and Tencent  0700.HK , down by
0.49%.

 (Reporting by Hong Kong newsroom; Editing by Mrigank Dhaniwala)