Hong Kong shares track regional rise on COVID-19 vaccine, U.S. stimulus hopes

Wharf Real Estate Investment

26/11/2020 08:54

* Hang Seng index ends up 0.56%
    * China Enterprises index HSCE rises 1.36%
    * HSI financial sector sub-index up 0.7%

    Nov 26 (Reuters) - Hong Kong shares ended higher on
Thursday, tracking regional peers, as investors bet on COVID-19
vaccines to help end lockdowns and a Biden administration to
bring more economic stimulus to the United States.
        
** At the close of trade, the Hang Seng index  .HSI  was up
149.70 points, or 0.56%, at 26,819.45. The Hang Seng China
Enterprises index  .HSCE  rose 1.36% to 10,701.49.
 
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  rose 1.9%, while the IT sector  .HSCIIT  rose 2.5% and
the financial sector  .HSNF  ended 0.69% higher.
 
** Property shares fell, with the Hang Seng property sub-index
 .HSNP  giving up 0.93%, as data showed private home prices in
Hong Kong slipped 0.6% in October.  urn:newsml:reuters.com:*:nL4N2IB1TT
 
** Wharf Real Estate Investment Company Ltd  1997.HK  was the
biggest loser on the Hang Seng, falling 2.88%. The top gainer
was China Petroleum & Chemical Corp  0386.HK , which gained
4.93%.
 
** Evergrande Property Service Group's  6666.HK  Hong Kong IPO
was priced at the lower end of expectations to raise $1.8
billion, three sources said, amid investor concern about the
financial health of its parent.  urn:newsml:reuters.com:*:nL1N2IC07C    
 
** China's main Shanghai Composite index  .SSEC  closed up 0.22%
at 3,369.73 points, while the blue-chip CSI300 index  .CSI300 
ended up 0.18%.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was up 0.59%, while Japan's Nikkei index  .N225 
closed up 0.91%.
 
** The yuan  CNY=CFXS  was quoted at 6.5713 per U.S. dollar at
08:22 GMT, 0.13% stronger than the previous close of 6.58. 
 
** The top gainers among H-shares were China Pacific Insurance
Group Co Ltd  2601.HK , up 5.27%, China Petroleum & Chemical
Corp  0386.HK , which rose 4.93%, and Meituan  3690.HK , up
4.9%.
 
** The three biggest H-shares percentage decliners were China
Resources Land Ltd  1109.HK , down 2.2%, CSPC Pharmaceutical
Group Ltd  1093.HK , which fell 2.06% and ENN Energy Holdings
Ltd  2688.HK , down 1.52%.
 

 (Reporting by Andrew Galbraith;
Editing by Vinay Dwivedi)
 ((Andrew.Galbraith@tr.com; +86 21 2083 0079; Reuters Messaging:
andrew.galbraith.thomsonreuters.com@reuters.net ; Twitter: https://twitter.com/apgalbraith))