Global Market News

Hong Kong Hang Seng Up 0.15% On Wall Street Cues, Mainland Money Inflows


Last updated: 05/19/2017 06:09:52

06:09 AM EDT, 05/19/2017 (MT Newswires) -- The Hong Kong Hang Seng Index Friday edged up 0.15% as traders eyed overnight gains on Wall Street, and inflows through the Hong Kong-Shanghai Stock Connect continued to bolster shares. Internet-media giant Tencent hit an all-time high.

The broad gauge Hang Seng rose 38.35 to 25,174.87, as gaining share outnumbered losers 28 to 19.

Leading the upside were Bank of China (2308:HK), up 2.1%; followed by Tencent (700:HK), up 1.9%; and then developer China Overseas Land (688:HK), up 1.4%.

On the downside were mass-transit operator MTR (66:HK), off 3.8%; and then utility conglomerate CLP Holdings (2:HK), off 1.4%.

The Hang Seng is up 14.43% YTD.

On the mainland, the Shanghai Composite rose 0.02% to 3.090.63.
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