The Hong Kong stock market follows the regional upward trend
The Hong Kong stock exchange benchmark index, the Hang Seng, closed today with gains of 1.75%. It followed the upward trend of the other Asian markets after the US Federal Reserve eased fears about inflation.
It added 498.6 points, to 28,910.86, while the index that measures the behavior of mainland Chinese companies, the Hang Seng China Enterprises, advanced by 1.42%.
Among the sub-indices, only Services finished negative with a 0.05% drop. Real Estate gained 0.6%, Finance added 1.42%, and Commerce and Industry increased by 2.37%.
Xiaomi stood out with an advance of 4.13%.
In the financial area, the biggest beneficiaries of the profits were the insurer China Life, with a gain of 2.75%. HKEX, the Hong Kong stock market operator, surged by 5.37%.
Even though the financial world closed in green, the increases here were less spectacular. Country Garden was the leader with a gain of 1.02%. The day was positive for Chinese state securities such as the oil company Petrochina which expanded by 1.27%. China Mobile, the telephone operator, gained 0.2%.
The business volume of the session was 167,870 million Hong Kong dollars or 21,625 million US dollars.
All Southeast Asian Stock Exchanges close with profit
All the Southeast Asian stock exchanges ended the day with clear rises encouraged by Wall Street’s gains and the dollar’s weakness the day before.
The Bangkok stock market made the most progress with a rise of more than 1 percent.
In Singapore, the city-state stock market rose 22.48 points, 0.72 percent, and the Straits Times composite indicator remained at 3,146.09 units.
The Kuala Lumpur Stock Exchange increased by 6 points, 0.38 percent in Malaysia and the selective KLCI ended at 1,577.82.
In Indonesia, the Jakarta stock totaled 52.21 integers, 0.91 percent, and the JCI index finished with 5,815.84 units.
The Bangkok stock market gained 16.73 points or 1.08 percent in Thailand, and the SET index settled at 1,568.55.
In the Philippines, the Manila Stock Exchange climbed by 31.82 points, 0.52 percent, and the PSEi composite index ended at 6,196.71 points.
The VN Index of the Ho Chi Minh stock n Vietnam closed with 1,308.58 units after gaining 0.82 percent.
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