Oct 18 (Reuters) - Hong Kong shares finished up on Monday,
led by energy and materials stocks, even as data showed growth
in China's economy hit a one-year low.
The Hang Seng index ended 0.3% higher at 25,409.75,
while the China Enterprises Index gained 0.1% to
** China's economy grew 4.9% in July-September from a year
earlier, the weakest pace since the third quarter of 2020, hurt
by power shortages, supply bottlenecks and sporadic COVID-19
** "More targeted easing measures, such as re-lending to
support green projects and SMEs, encouraging lending to the
industrial sector and selectively loosening the funding curbs on
local governments, should come in the coming months," HSBC said
in a note.
** Energy stocks added 2.6%, with coal companies
leading the gains.
** China's coking coal and coke futures jumped to record
highs as supply remains tight even though Beijing has ramped up
efforts to boost output.
** The power-intensive materials sector surged
** Tech giants reversed their losses in afternoon
trade and ended up 0.1%
** China will continue its scrutiny of the internet sector,
China's industry and information minister said in an interview
published on Sunday.
** The healthcare sub-index was up 2%.
** Wuxi Biologics soared 5%, the biggest intraday
gainer on the Hang Seng Index.
** Real estate firms fell 0.5% on signs of slowdown
in the sector and even as the central bank said spillover
effects from China Evergrande Group's debt woes were
** A former government expert said China could widen
property tax trial, after President Xi Jinping on Friday called
for progress on the tax that could help reduce wealth
(Reporting by the Shanghai Newsroom; editing by Uttaresh.V)