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 Hang Seng Index grew 137.05 points or 0.52% to 26,309.96. The Hang Seng China 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%.
The HK Government has decided to commence immediately a study on phased reclamation near Kau Yi Chau and Hei Ling Chau for the construction of artificial islands with a total area of about 1,700 hectares. New World Development (00017) and Wheelock and Company (00020) dipped 1.1% to HK$10.4 and HK$44.55. Henderson Land (00012) softened 0.8% to HK$38.6. CK Asset Holdings (01113) and Sun Hung Kai Properties (00016) edged down 0.5% to HK$56.3 and HK$109. HKR International (00480) soared 5.4% to HK$4.28.
OFFSHORE MARKET NEWS, US stock market 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 S&P 500 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
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