Hong Kong shares track gains on mainland, Wall Street; end higher

  • 3/11/2021
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March 11 (Reuters) - Hong Kong shares ended the session higher on Thursday, echoing gains on mainland and global markets. ** At the close of trade, the Hang Seng index was up 478.09 points or 1.65% at 29,385.61. The Hang Seng China Enterprises index rose 2.54% to 11,340.4. ** The sub-index of the Hang Seng tracking energy shares rose 2.7%, while the IT sector rose 4.52%, the financial sector ended 0.63% higher and the property sector dipped 0.34%. ** Analysts said gains in Hong Kong were tracking surges on Wall Street, as the S&P 500 rose and the Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress approved $1.9 trillion stimulus package. ** China stocks jumped as better-than-expected February bank lending data lifted market sentiment and relieved some policy tightening worries. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.72%, while Japan’s Nikkei index closed up 0.6%. ** Sino-U.S. relations were among other key focuses, with some market hopes for de-escalation in the ties between the world’s two largest economies. ** Chinese diplomats will meet with U.S. officials in Alaska on March 18 and 19, a Chinese foreign ministry spokesman said on Thursday.

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