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2021-05-05

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Hong Kong stocks inch up as financial, energy shares firm ahead of China's reopening

HONG KONG, May 5 (Reuters) - Hong Kong shares inched up on Wednesday as the energy sector rose on hi

Hong Kong stocks inch up as financial, energy shares firm ahead of China's reopening

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The Hang Seng China Enterprises index    rose 0.17% to 10,784.15.</p><p>** The sub-index of the Hang Seng tracking energy shares&nbsp;rose 1.6%, while the IT sector dipped 1.32%, the financial sector climbed 0.73% and the property sector gained 0.81%.</p><p>** Oil prices rose nearly 1% on Wednesday, extending overnight gains, after industry data estimated U.S. crude stockpiles fell much more than expected last week reinforcing bullish views on fuel demand in the world's largest economy.</p><p>** Hong Kong tech index fell 1.5% to its lowest in two weeks, tracking a 1.9% dropped in the Nasdaq on Tuesday as some big tech names ran into profit-taking after U.S. Treasury Secretary Janet Yellen said rate hikes may be needed to stop the economy overheating.</p><p>** \"New economy stocks and tech shares were under pressure tracking a softer Nasdaq overnight, but investors were willing to hunt for bargain ahead of the reopening of China markets,\" said Steven Leung, a sales director at UOB Kay Hian.</p><p>** Chinese financial and futures markets are closed from May 1 to 5 for the Labour Day holiday. Trade will resume on Thursday.</p><p>** The top gainer on the Hang Seng was Hang Seng Bank Ltd, which gained 3.29%, while the biggest loser was Haidilao International Holding Ltd   , which fell 4.01%.</p><p>** Around the region, MSCI's Asia ex-Japan stock indexfirmed by 0.04%.</p><p>** The top gainers among H-shares were <a href=\"https://laohu8.com/S/PSBKF\">Postal Savings Bank of China Co Ltd</a>, up 3.14%, followed by China Merchants Bank Co Ltd, up 3.06%, and Bank of Communications Co Ltd that gained 3.05%.</p><p>** The three biggest H-shares percentage decliners were Haidilao International, down 4.01%, Baidu Inc, which fell 3.57%, and Hansoh Pharmaceutical Group Company Ltd, down 3.26%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong stocks inch up as financial, energy shares firm ahead of China's reopening</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks inch up as financial, energy shares firm ahead of China's reopening\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-05 12:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, May 5 (Reuters) - Hong Kong shares inched up on Wednesday as the energy sector rose on higher oil prices due to a steep drop in U.S. crude stocks, while bargain hunting boosted financial firms ahead of the reopening of China markets.</p><p>** By the midday break, the Hang Seng Index was up 2.66 points, or 0.01%, at 28,559.80, on course to gain for a second session. The Hang Seng China Enterprises index    rose 0.17% to 10,784.15.</p><p>** The sub-index of the Hang Seng tracking energy shares&nbsp;rose 1.6%, while the IT sector dipped 1.32%, the financial sector climbed 0.73% and the property sector gained 0.81%.</p><p>** Oil prices rose nearly 1% on Wednesday, extending overnight gains, after industry data estimated U.S. crude stockpiles fell much more than expected last week reinforcing bullish views on fuel demand in the world's largest economy.</p><p>** Hong Kong tech index fell 1.5% to its lowest in two weeks, tracking a 1.9% dropped in the Nasdaq on Tuesday as some big tech names ran into profit-taking after U.S. Treasury Secretary Janet Yellen said rate hikes may be needed to stop the economy overheating.</p><p>** \"New economy stocks and tech shares were under pressure tracking a softer Nasdaq overnight, but investors were willing to hunt for bargain ahead of the reopening of China markets,\" said Steven Leung, a sales director at UOB Kay Hian.</p><p>** Chinese financial and futures markets are closed from May 1 to 5 for the Labour Day holiday. Trade will resume on Thursday.</p><p>** The top gainer on the Hang Seng was Hang Seng Bank Ltd, which gained 3.29%, while the biggest loser was Haidilao International Holding Ltd   , which fell 4.01%.</p><p>** Around the region, MSCI's Asia ex-Japan stock indexfirmed by 0.04%.</p><p>** The top gainers among H-shares were <a href=\"https://laohu8.com/S/PSBKF\">Postal Savings Bank of China Co Ltd</a>, up 3.14%, followed by China Merchants Bank Co Ltd, up 3.06%, and Bank of Communications Co Ltd that gained 3.05%.</p><p>** The three biggest H-shares percentage decliners were Haidilao International, down 4.01%, Baidu Inc, which fell 3.57%, and Hansoh Pharmaceutical Group Company Ltd, down 3.26%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00011":"恒生银行","03968":"招商银行","09888":"百度集团-SW","06862":"海底捞","03328":"交通银行","01658":"邮储银行","QNETCN":"纳斯达克中美互联网老虎指数","03143":"华夏香港银行股","03692":"翰森制药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133254450","content_text":"HONG KONG, May 5 (Reuters) - Hong Kong shares inched up on Wednesday as the energy sector rose on higher oil prices due to a steep drop in U.S. crude stocks, while bargain hunting boosted financial firms ahead of the reopening of China markets.** By the midday break, the Hang Seng Index was up 2.66 points, or 0.01%, at 28,559.80, on course to gain for a second session. The Hang Seng China Enterprises index    rose 0.17% to 10,784.15.** The sub-index of the Hang Seng tracking energy shares rose 1.6%, while the IT sector dipped 1.32%, the financial sector climbed 0.73% and the property sector gained 0.81%.** Oil prices rose nearly 1% on Wednesday, extending overnight gains, after industry data estimated U.S. crude stockpiles fell much more than expected last week reinforcing bullish views on fuel demand in the world's largest economy.** Hong Kong tech index fell 1.5% to its lowest in two weeks, tracking a 1.9% dropped in the Nasdaq on Tuesday as some big tech names ran into profit-taking after U.S. Treasury Secretary Janet Yellen said rate hikes may be needed to stop the economy overheating.** \"New economy stocks and tech shares were under pressure tracking a softer Nasdaq overnight, but investors were willing to hunt for bargain ahead of the reopening of China markets,\" said Steven Leung, a sales director at UOB Kay Hian.** Chinese financial and futures markets are closed from May 1 to 5 for the Labour Day holiday. Trade will resume on Thursday.** The top gainer on the Hang Seng was Hang Seng Bank Ltd, which gained 3.29%, while the biggest loser was Haidilao International Holding Ltd   , which fell 4.01%.** Around the region, MSCI's Asia ex-Japan stock indexfirmed by 0.04%.** The top gainers among H-shares were Postal Savings Bank of China Co Ltd, up 3.14%, followed by China Merchants Bank Co Ltd, up 3.06%, and Bank of Communications Co Ltd that gained 3.05%.** The three biggest H-shares percentage decliners were Haidilao International, down 4.01%, Baidu Inc, which fell 3.57%, and Hansoh Pharmaceutical Group Company Ltd, down 3.26%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}