Hong
Kong stocks swung between gains and losses, after the benchmark index
capped a three-week climb, as Hong Kong Exchanges & Clearing Ltd.
led the advance while China Petroleum & Chemical Corp. fell the
most.
Hong
Kong Exchanges gained 2.3 percent, extending last week™s 12 percent
surge on plans for cross-border equity trading with China. Great Wall
Motor Co. advanced 2.1 percent, leading gains on the Hang Seng China
Enterprises Index. China Petroleum, also known as Sinopec, dropped 2.9
percent after its unit forecast a loss. HSBC Holdings Plc, Europe™s
biggest lender, slid after JPMorgan Chase & Co. reported a drop in
profit.
The
Hang Seng Index rose 0.1 percent to 23,015.46 at the break in Hong Kong
after falling as much as 0.4 percent. The gauge gained 2.2 percent last
week with brokerages climbing after China announced the tie-up between
the Hong Kong and Shanghai bourses. The Hang Seng China Enterprises
Index, also known as the H-share index, dropped 0.4 percent to
10,189.26.
Source : Bloomberg
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