Hong Kong shares end firmer as developers, energy firms shine

Hong Kong shares closed slightly up on Wednesday, as property developers and energy firms gained on hopes of Chinese central bank's policy easing measures, but losses in tech firms capped the gains. The financial sector ended 0.79% higher. ** Shares of Chinese real estate developers surged after the country's central bank pledged to roll out more policy measures to stabilise the economy.

Hong Kong shares closed slightly up on Wednesday, as property developers and energy firms gained on hopes of Chinese central bank's policy easing measures, but losses in tech firms capped the gains. ** At the close of trade, the Hang Seng index was up 15.07 points or 0.06% at 24,127.85. The Hang Seng China Enterprises index fell 0.09% to 8,441.69. ** Leading the gains, the Hang Seng sub-index tracking property sector rose 2.62% and energy shares rose 1.4%. The financial sector ended 0.79% higher.

** Shares of Chinese real estate developers surged after the country's central bank pledged to roll out more policy measures to stabilise the economy. ** The IT sector dipped 0.49%, reversing earlier gains, after reports said China's cyberspace regulator plans to scrutinize investment or fundraising by the country's internet behemoths. ** China's main Shanghai Composite index closed down 0.33% at 3,558.18 points, while the blue-chip CSI300 index ended down 0.68%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.61%, while Japan's Nikkei index closed down 2.8%. ** The yuan was quoted at 6.3523 per U.S. dollar at 08:13 UTC, 0.02% firmer than the previous close of 6.3537.

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