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Hong Kong Stocks gain 0.5%

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Headline indices of the Hong Kong share market were up on Wednesday, 10 October 2018, as investors continued hunting battered stocks. However, market gains were limited, amid mounting concerns over slowing Chinese growth and the impact of an escalating Sino-U. S. trade war. Around late afternoon trade, the grew 137.05 points or 0.52% to 26,309.96. The Enterprises Index added 56.05 points or 0.54% to 10,476.67. The sub-index of the Hang Seng tracking the Commerce & Industry sector added 0.6%, properties sector rose 0.2%, financial sector jumped 0.5%, and Utilities sector added 1.1%.

Property shares fell after delivered her 2018 Policy Address in late morning.

The has decided to commence immediately a study on phased reclamation near Kau Yi Chau and Hei for the construction of artificial islands with a total area of about 1,700 hectares. (00017) and (00020) dipped 1.1% to HK$10.4 and HK$44.55. (00012) softened 0.8% to HK$38.6. (01113) and (00016) edged down 0.5% to HK$56.3 and HK$109. (00480) soared 5.4% to HK$4.28.

(00175) jumped 3.7% to HK$13.9 on reports that the company and are in talks to set up a joint venture to offer in

(00151) plunged 7% to HK$5.69 becoming the worst performing blue chip after Credit Suisse's downgrade and target price chop.

OFFSHORE MARKET NEWS, US closed mixed on Tuesday, as investors worried about global growth prospects. The Dow Jones Industrial Average dipped 56.21 points or 0.2% to 26,430.57 and the edged down 4.09 points or 0.1% to 2,880.34. The tech-heavy Nasdaq inched up 2.07 points to 7,738.02

The major European markets ended higher on Tuesday. The German DAX Index and the French Index rose by 0.3% and 0.4%, respectively. The U. K.'s Index inched up by 0.1%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 11:57 IST
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