Hong Kong shares rose; ICBC led gains

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Hong Kong equities advanced on Wednesday amid mixed profits of Hang Seng majors. Meanwhile, investors were cautious ahead of the final reading of China's PMI due on Thursday. The Hang Seng Index surged 1% to end the month at 21,641.82. Seven sectors included in the index climbed. The top-performers were basic materials and financials. Aluminum Corp of China (CHALCO) gained 0.30% while Bank of East Asia and China Construction Bank jumped 0.35% and 2.27%. Lenders moved higher after Industrial and Commercial Bank of China (ICBC) reported a 15% jump in Q3 profits. ICBC rose 1.99%. Dragging China's blue chips index lower, oil and gas companies as well as utilities retreated. PetroChina dropped 2.03%, the biggest slump in Hang Seng, after posting a 33% tumble in Q3 net income. Among utilities, China Resources Power Holdings lost 1.42%.


Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.