Hong Kong stocks barely changed ahead of Fed meeting
Hong Kong stocks were little changed on Tuesday, as investors braced for Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day and amid concerns that US President Donald Trump could impose additional punitive trade measures against China.
The Hang Seng index rose 0.1 per cent to 31,549.93, while the China Enterprises Index lost 0.5 per cent to 12,597.42 points.
The sub-index of the Hang Seng tracking energy shares rose 0.6 per cent while the IT sector rose 1.05 per cent, the financial sector was 0.28 per cent lower and property sector dipped 0.26 per cent.
The top gainer on Hang Seng was Sunny Optical Technology Group Co Ltd, up 8.7 per cent, while the biggest loser was New World Development Co Ltd, which was down 1.54 per cent.
China's main Shanghai Composite index closed up 0.3 per cent at 3,290.64, while the blue-chip CSI300 index was up 0.08 per cent at 4,077.70.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.11 per cent while Japan's Nikkei index closed down 0.47 per cent.
The yuan was quoted at 6.3321 per US dollar at 08:14 GMT, 0.02 per cent weaker than the previous close of 6.3308.
As of the previous trading session, the Hang Seng index was up 5.33 per cent this year, while China's H-share index was up 8.1 per cent. As of the previous close, the Hang Seng has risen 2.17 per cent this month.
The top gainers among H-shares were CSPC Pharmaceutical Group Ltd up 11.39 per cent, followed by China Gas Holdings Ltd gaining 8.89 per cent and Shenzhou International Group Holdings Ltd up by 1.68 per cent.
The three biggest H-shares per centage decliners were China Pacific Insurance Group Co Ltd, which was down 2.57 per cent, China Vanke Co Ltd, which fell 2.2 per cent, and New China Life Insurance Co Ltd, down by 2.2 per cent.
About 1.80 billion Hang Seng index shares were traded, roughly 75.4 per cent of the market's 30-day moving average of 2.39 billion shares a day. The volume traded in the previous trading session was 1.49 billion.
At close, China's A-shares were trading at a premium of 26.18 per cent over the Hong Kong-listed H-shares.
The price-to-earnings ratio of the Hang Seng index was 13.49 as of the last full trading day while the dividend yield was 2.7 per cent.
The Hang Seng index rose 0.1 per cent to 31,549.93, while the China Enterprises Index lost 0.5 per cent to 12,597.42 points.
The sub-index of the Hang Seng tracking energy shares rose 0.6 per cent while the IT sector rose 1.05 per cent, the financial sector was 0.28 per cent lower and property sector dipped 0.26 per cent.
The top gainer on Hang Seng was Sunny Optical Technology Group Co Ltd, up 8.7 per cent, while the biggest loser was New World Development Co Ltd, which was down 1.54 per cent.
China's main Shanghai Composite index closed up 0.3 per cent at 3,290.64, while the blue-chip CSI300 index was up 0.08 per cent at 4,077.70.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.11 per cent while Japan's Nikkei index closed down 0.47 per cent.
The yuan was quoted at 6.3321 per US dollar at 08:14 GMT, 0.02 per cent weaker than the previous close of 6.3308.
As of the previous trading session, the Hang Seng index was up 5.33 per cent this year, while China's H-share index was up 8.1 per cent. As of the previous close, the Hang Seng has risen 2.17 per cent this month.
The top gainers among H-shares were CSPC Pharmaceutical Group Ltd up 11.39 per cent, followed by China Gas Holdings Ltd gaining 8.89 per cent and Shenzhou International Group Holdings Ltd up by 1.68 per cent.
The three biggest H-shares per centage decliners were China Pacific Insurance Group Co Ltd, which was down 2.57 per cent, China Vanke Co Ltd, which fell 2.2 per cent, and New China Life Insurance Co Ltd, down by 2.2 per cent.
About 1.80 billion Hang Seng index shares were traded, roughly 75.4 per cent of the market's 30-day moving average of 2.39 billion shares a day. The volume traded in the previous trading session was 1.49 billion.
At close, China's A-shares were trading at a premium of 26.18 per cent over the Hong Kong-listed H-shares.
The price-to-earnings ratio of the Hang Seng index was 13.49 as of the last full trading day while the dividend yield was 2.7 per cent.