Hong Kong equities soraed on stimulus hopes

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Hong Kong equities jumped on Thursday amid hopes that policymakers will embark on stimulus measures. Meanwhile, market participants were cautious ahead of the ECB press conference due later in the day. The Hang Seng Index gained 0.34% to close at 19,209.30. Six out of nine economic sectors included in the index surged. The top-gainers were technology and consumer goods. Tingyi Cayman Islands and China Resources Enterprise jumped 1.98% and 1.53%. On the downside were consumer services and telecommunications. Sands China plunging 3.14% after baccarat, the game industry largest money spinner, announced possible fall in revenues. Coal companies rose after previous decline caused by Nomura comments regarding potential weakness in coal demand between September and November. China Coal Energy and China Shenhua Energy advanced by 0.32% and 1.31%.

 

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