Global Market News

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

Back

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.

http://www.mtnewswires.com
Copyright © 2017 MTNewswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.




Quotes displayed with 15 minutes delay. Market data provided by Interactive Data. News provided by MT Newswires, a Division of Midnight Trader, Inc. Company fundamental data powered by Morningstar. Ratings provided by Zacks. Earnings Calendar and Events Data provided by Wall Street Horizon. © 2014 Wall Street Horizon, Inc. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions