HK stocks end higher on White House reports of Trump's improving health


  • Markets
  • Monday, 05 Oct 2020

HKEX Bull

HONG KONG: Hong Kong's benchmark Hang Seng index closed higher on Monday, tracking strength in overseas markets fuelled by upbeat White House reports of U.S. President Donald Trump's health.

The Hang Seng index ended 308.73 points higher, or 1.32%, at 23,767.78, posting its sharpest rise since Aug. 24.

China's H-shares index also closed higher, up for a second straight session, rising 0.54% to 9,447.99.

The sub-index of Hang Seng tracking the financial sector ended 1.8% higher, the IT sector rose 1.85%, the property sector climbed 0.41%, and Hang Seng Tech Index gained 0.06%. The energy index fell 1.19%.

China Life Insurance Co Ltd, which gained 4.73%, was the top gainer on the Hang Seng, while Geely Automobile Holdings Ltd, down 4.42%, was the top drag

Chinese markets are closed for a national holiday from Oct. 1 to Oct. 8.

Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.42%, while Japan's Nikkei index closed up 1.23%.

The top gainers among H-shares were ANTA Sports Products Ltd, up 5.31%, followed by China Life Insurance and China Gas Holdings Ltd, which rose 2.95%

The three biggest H-shares percentage decliners were Geely Automobile, followed by Sunny Optical Technology Group Co Ltd, which fell 2.37%, and China Minsheng Banking Corp Ltd, down 1.72%. - Reuters

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