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HK shares track global equities higher on stimulus hopes, vaccine boost

12/16/2020 | 03:53am EST

* HK->Shanghai Connect daily quota used 7.8%, Shanghai->HK daily quota used 0.6%

* HSI +1.0%, HSCE +0.6%, CSI300 +0.2%

* FTSE China A50 +0.6%

BEIJING/SHANGHAI, Dec 16 (Reuters) - Hong Kong shares edged up on Wednesday, with tech and healthcare stocks leading the gains, while the index tracked global equities higher on positive vaccine news and stimulus hopes. ** At the close of trade, the Hang Seng index was up 253.00 points or 0.97% at 26,460.29. The Hang Seng China Enterprises index rose 0.6% to 10,461.9. ** The sub-index of the Hang Seng tracking IT sector rose 1.48%, the financial sector ended 0.71% higher and the property sector rose 0.93%. ** Investors seemed to have shrugged off deep losses in Hong Kong-listed shares of Semiconductor Manufacturing International Corp after the chipmaker fell up to 9.6% on report of a key executive's decision to leave the company. ** The top gainer in the Hang Seng was Techtronic Industries Co Ltd, which gained 5.11%, while the biggest loser was Industrial and Commercial Bank of China Ltd, which fell 1.27%. ** Overnight, global stocks gained as positive coronavirus vaccine news and progress toward further U.S. fiscal stimulus and a Brexit deal encouraged investors to embrace risk. ** China's main Shanghai Composite index closed flat at 3,366.98 points, while the blue-chip CSI300 index ended up 0.18%, with consumer stocks lifted by data-fueled confidence on economic recovery. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.26%, while Japan's Nikkei index closed up 0.26%.

(Reporting by Cheng Leng in Beijing and Andrew Galbraith in Shanghai; Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED -7.67% 26.5 End-of-day quote.15.72%
BANK OF CHINA LIMITED -0.71% 2.78 End-of-day quote.4.91%
CHINA TOWER CORPORATION LIMITED -0.85% 1.17 End-of-day quote.2.63%
EURO / BRITISH POUND (EUR/GBP) 0.16% 0.8621 Delayed Quote.-3.14%
HANG SENG -0.38% 29133.65 Real-time Quote.7.40%
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 0.00% 5.45 End-of-day quote.9.22%
LONGFOR GROUP HOLDINGS LIMITED -1.70% 49.15 End-of-day quote.8.26%
NIKKEI 225 -0.23% 28864.32 Real-time Quote.5.41%
S&P/CITIC 300 INDEX -0.43% 4635.42 Delayed Quote.1.35%
S&P/CITIC 50 INDEX -0.63% 4710.79 Delayed Quote.1.64%
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -1.98% 27.25 End-of-day quote.23.30%
SINO BIOPHARMACEUTICAL LIMITED -3.64% 8.48 End-of-day quote.13.07%
TECHTRONIC INDUSTRIES COMPANY LIMITED -5.23% 121.4 End-of-day quote.9.76%
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