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HK stocks end higher on White House reports of Trump's improving health

10/05/2020 | 04:41am EST

* * Hang Seng index ends up 1.32%

* * China Enterprises index HSCE rises 0.54%

* * HSI financial sub-index rises 1.8%; property up 0.4%

HONG KONG, Oct 5 (Reuters) - Hong Kong's benchmark Hang Seng index closed higher on Monday, tracking strength in overseas markets fuelled by upbeat White House reports of U.S. President Donald Trump's health.

** The Hang Seng index ended 308.73 points higher, or 1.32%, at 23,767.78, posting its sharpest rise since Aug. 24.

** China's H-shares index also closed higher, up for a second straight session, rising 0.54% to 9,447.99.

** The sub-index of Hang Seng tracking the financial sector ended 1.8% higher, the IT sector rose 1.85%, the property sector climbed 0.41%, and Hang Seng Tech Index gained 0.06%. The energy index fell 1.19%.

** China Life Insurance Co Ltd, which gained 4.73%, was the top gainer on the Hang Seng, while Geely Automobile Holdings Ltd, down 4.42%, was the top drag

** Chinese markets are closed for a national holiday from Oct. 1 to Oct. 8.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.42%, while Japan's Nikkei index closed up 1.23%.

** The top gainers among H-shares were ANTA Sports Products Ltd, up 5.31%, followed by China Life Insurance and China Gas Holdings Ltd, which rose 2.95%

** The three biggest H-shares percentage decliners were Geely Automobile, followed by Sunny Optical Technology Group Co Ltd, which fell 2.37%, and China Minsheng Banking Corp Ltd, down 1.72%. (Reporting by Donny Kwok; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANTA SPORTS PRODUCTS LIMITED -0.09% 109.9 End-of-day quote.57.56%
CHINA GAS HOLDINGS LIMITED 7.29% 28.7 End-of-day quote.-1.71%
CHINA LIFE INSURANCE CO., LTD. 1.23% 20.65 End-of-day quote.-14.50%
CHINA LIFE INSURANCE COMPANY LIMITED 0.31% 42.64 End-of-day quote.22.28%
CHINA MINSHENG BANKING CORP., LTD. 0.77% 5.23 End-of-day quote.-17.12%
GEELY AUTOMOBILE HOLDINGS LIMITED 1.30% 23.4 End-of-day quote.53.54%
HANG LUNG PROPERTIES LIMITED -3.24% 20.9 End-of-day quote.22.22%
HANG SENG 0.21% 26480.18 Real-time Quote.-6.26%
MSCI AC ASIA EX JAPAN (STRD, UHD) 0.93% 803.815 Real-time Quote.15.72%
NIKKEI 225 -0.42% 25527.37 Real-time Quote.7.91%
PETROCHINA COMPANY LIMITED 1.65% 4.31 End-of-day quote.-26.07%
SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED 0.70% 158 End-of-day quote.17.12%
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