Hong Kong shares rise after strong earnings boost Wall Street

  • 10/15/2021
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* Hang Seng index ends up 1.48% * China Enterprises index HSCE rises 1.32% * HSI financial sector sub-index is 1% higher SHANGHAI, Oct 15 (Reuters) - Hong Kong’s main Hang Seng index finished higher on Friday after strong corporate earnings boosted U.S. shares, but investors were awaiting Chinese third-quarter economic data due Monday for clues to policy direction. ** At the close of trade, the Hang Seng index was up 368.37 points, or 1.48%, at 25,330.96 after a two-day hiatus due to a typhoon and a public holiday. The Hang Seng China Enterprises index rose 1.32% to 8,966.17. ** The sub-index of the Hang Seng tracking energy shares dipped 1.2%, while the IT sector rose 2.36%, the financial sector ended 0.95% higher and the property sector rose 0.47%. ** The top gainer on the Hang Seng was Geely Automobile Holdings Ltd, which gained 7.96%, while the biggest loser was CSPC Pharmaceutical Group Ltd, which fell 3.89%. ** China’s main Shanghai Composite index closed 0.4% higher at 3,572.37 points, while the blue-chip CSI300 index ended 0.38% up. ** China’s central bank rolled over maturing medium-term loans on Friday and kept their interest rates unchanged, as investors continue to speculate policymakers might need to ease monetary settings to support the economy amid risks from stagflation. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.25%, while Japan’s Nikkei index closed up 1.81%. (Reporting by Andrew Galbraith; Editing by Krishna Chandra Eluri) Our Standards: The Thomson Reuters Trust Principles.

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