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Hong Kong shares track regional rise on COVID-19 vaccine, U.S. stimulus hopes

11/26/2020 | 03:54am EST

* Hang Seng index ends up 0.56%

* China Enterprises index HSCE rises 1.36%

* HSI financial sector sub-index up 0.7%

Nov 26 (Reuters) - Hong Kong shares ended higher on Thursday, tracking regional peers, as investors bet on COVID-19 vaccines to help end lockdowns and a Biden administration to bring more economic stimulus to the United States.

** At the close of trade, the Hang Seng index was up 149.70 points, or 0.56%, at 26,819.45. The Hang Seng China Enterprises index rose 1.36% to 10,701.49. ** The sub-index of the Hang Seng tracking energy shares rose 1.9%, while the IT sector rose 2.5% and the financial sector ended 0.69% higher. ** Property shares fell, with the Hang Seng property sub-index giving up 0.93%, as data showed private home prices in Hong Kong slipped 0.6% in October. ** Wharf Real Estate Investment Company Ltd was the biggest loser on the Hang Seng, falling 2.88%. The top gainer was China Petroleum & Chemical Corp, which gained 4.93%. ** Evergrande Property Service Group's Hong Kong IPO was priced at the lower end of expectations to raise $1.8 billion, three sources said, amid investor concern about the financial health of its parent. ** China's main Shanghai Composite index closed up 0.22% at 3,369.73 points, while the blue-chip CSI300 index ended up 0.18%. ** Around the region, MSCI's Asia ex-Japan stock index was up 0.59%, while Japan's Nikkei index closed up 0.91%. ** The yuan was quoted at 6.5713 per U.S. dollar at 08:22 GMT, 0.13% stronger than the previous close of 6.58. ** The top gainers among H-shares were China Pacific Insurance Group Co Ltd, up 5.27%, China Petroleum & Chemical Corp, which rose 4.93%, and Meituan, up 4.9%. ** The three biggest H-shares percentage decliners were China Resources Land Ltd, down 2.2%, CSPC Pharmaceutical Group Ltd, which fell 2.06% and ENN Energy Holdings Ltd, down 1.52%. (Reporting by Andrew Galbraith; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHINA PACIFIC INSURANCE (GROUP) CO., LTD. 2.45% 38.49 End-of-day quote.0.23%
CHINA PETROLEUM & CHEMICAL CORPORATION -1.23% 4.02 End-of-day quote.-0.25%
CHINA RESOURCES LAND LIMITED -0.90% 33.2 End-of-day quote.3.75%
CSPC PHARMACEUTICAL GROUP LIMITED -1.40% 8.48 End-of-day quote.6.94%
ENN ENERGY HOLDINGS LIMITED -0.55% 125.9 End-of-day quote.10.63%
HANG SENG -0.30% 29344.1 Real-time Quote.8.09%
MEITUAN DIANPING 5.16% 399.8 End-of-day quote.35.71%
NIKKEI 225 0.31% 28635.21 Real-time Quote.5.02%
S&P/CITIC 300 INDEX 0.00% 4904.18 Delayed Quote.6.43%
S&P/CITIC 50 INDEX 0.00% 4922.4 Delayed Quote.5.44%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.37% 6.4956 Delayed Quote.-0.15%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.12% 6.4712 Delayed Quote.-0.71%
WHARF REAL ESTATE INVESTMENT COMPANY LIMITED -1.55% 41.3 End-of-day quote.2.35%
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