Hong Kong stocks rise as investors await Beijing’s stimulus measures; Shanghai Composite declined
Friday, November 22, 2024       09:50 WIB

Hong Kong stocks are headed for a weekly gain as investors await more clarity on stimulus measures from Beijing.
The Hang Seng Index rose 0.2 per cent to 19,642.83 as of 10.02am local time, taking the gain to 1.1 per cent for the week. The Hang Seng Tech Index gained 0.7 per cent.
Mainland's benchmarks declined. The CSI 300 Index and the Shanghai Composite Index both retreated 0.3 per cent.
BYD Electronic jumped 7.6 per cent to HK$35.40 and Sunny Optical surged 7.4 per cent to HK$61.00. Smartphone maker Xiaomi added 2.5 per cent to HK$28.80 and Tencent Holdings advanced 0.7 per cent to HK$410.80.
Chinese search engine operator Baidu tumbled 8.6 per cent to HK$76.60, the worst performer on the Hang Seng Index, after third-quarter revenue fell 3 per cent for the biggest decline in more than two years.
Separately, the quarterly review of the Hang Seng Index is due to be released later on Friday. The index compiler did not make any change in the last rebalancing.
Shenzhen Uniconn Technology, which makes electrical components, jumped 195 per cent to 214.53 yuan on the first day of trading in Shenzhen.
Other major Asian markets rose. Japan's Nikkei 225 climbed 0.8 per cent, while South Korea's Kospi rose 1.1 per cent and Australia's S&P/ASX 200 added 1 per cent.

Sumber : scmp.com