Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Hong Kong stocks fall, but post monthly gain on tech strength

10/30/2020 | 03:42am EDT

* HK->Shanghai Connect daily quota used -5.9%, Shanghai->HK daily quota used 9.9%

* HSI -2.0%, HSCE -2.0%, CSI300 -1.6%

* FTSE China A50 -1.3%

Oct 30 (Reuters) - Hong Kong stocks fell on Friday, tracking other Asian markets' declines on worries over next week's U.S. presidential election and a shaky global economic outlook, but strength in tech companies led to monthly gains.

** At the close of trade, the Hang Seng index was down 1.95% at 24,107.42. The Hang Seng China Enterprises index fell 1.96% to 9,760.24.

** The sub-index of the Hang Seng tracking energy shares dipped 1.3%, while the IT sector dipped 2.29%, the financial sector ended 2.33% lower and the property sector dipped 0.56%.

** For the month, HSI added 2.8%, while HSCE climbed 3.9%.

** Record numbers of coronavirus cases worldwide and the Nov. 3 U.S. presidential election remained the major focus for investors. On Wednesday, global coronavirus cases rose by more than 500,000 for the first time, with France and Germany prepping fresh lockdowns.

** China will set detailed economic targets for 2021-2025 to help promote higher quality growth, following a meeting of top Chinese leaders, the vice head of the country's state planner said on Friday.

** China aims for sustained and healthy economic development in the next five years, with an emphasis on higher quality growth, the ruling Communist Party's Central Committee said in a communique published on Thursday, after a conclave.

** Leading the gains for the month, the Hang Seng tech index gained 6.3% in October.

** Alibaba's Hong Kong shares rose 6.4% for the month ahead of Ant Group's IPO, while tech giant Tencent jumped 15.5%.

** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.28%, while Japan's Nikkei index closed down 1.52%.

** The yuan was quoted at 6.699 per U.S. dollar at 08:30 GMT, 0.25% firmer than the previous close of 6.7161. (Reporting by the Shanghai Newsroom; editing by Barbara Lewis)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.05% 5.2546 Delayed Quote.2.80%
CHINA MENGNIU DAIRY COMPANY LIMITED -0.22% 45.85 End-of-day quote.-2.03%
CHINA OVERSEAS LAND & INVESTMENT LIMITED 0.62% 19.42 End-of-day quote.15.18%
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED -1.56% 69.6 End-of-day quote.-2.52%
CHINA UNICOM (HONG KONG) LIMITED -0.48% 4.18 End-of-day quote.-6.07%
ENN ENERGY HOLDINGS LIMITED 3.45% 149.9 End-of-day quote.31.72%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) -1.09% 7.6822 Delayed Quote.-2.70%
GUANGDONG INVESTMENT LIMITED 0.00% 11.74 End-of-day quote.-15.90%
HANG SENG -0.79% 28430.1 Real-time Quote.5.23%
MSCI AC ASIA EX JAPAN (STRD) -0.24% 889.21 Real-time Quote.5.74%
NIKKEI 225 -0.51% 29291.01 Real-time Quote.7.28%
POSTAL SAVINGS BANK OF CHINA CO., LTD. 0.57% 5.33 End-of-day quote.21.69%
TENCENT HOLDINGS LIMITED -0.58% 596.5 End-of-day quote.5.76%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.41% 6.43016 Delayed Quote.-1.40%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.13% 6.3969 Delayed Quote.-1.97%
Latest news "Economy & Forex"
04:01pWall Street dips as Fed officials project rate hikes for 2023
RE
04:00pWall Street dips as Fed officials project rate hikes for 2023
RE
03:53pFed signals rate hikes for 2023, start of bond-buying taper talks
RE
03:45pUK inflation expectations well-anchored - Sunak
RE
03:41pOil settles near $75, at multi-year highs
RE
03:39pOil settles near $75, at multi-year highs
RE
03:38pFOMC maintains stimulus, brings rate hike forecast forward to 2023
RE
03:34pCredit Suisse names new heads of global M&A practice -memo
RE
03:29pU.S. fed funds futures raise rate hike chances in early 2023 after Fed statement
RE
03:25pEXCLUSIVE : Argentine meat packers reach preliminary export deal with government, says source
RE
Latest news "Economy & Forex"