Hong Kong shares rose on Wednesday,
helped by hopes that a shift to more stimulating policy could
boost China's economy, but investors remained cautious amid
uncertainty over Brexit, trade and slowing global growth.
** At the close of trade, the Hang Seng index was up 0.27
percent at 26,902.10 points. The Hang Seng China Enterprises
index rose 0.5 percent to 10,555.52.
** The sub-index of the Hang Seng tracking energy shares
rose 0.3 percent, while the IT sector climbed
0.14 percent, the financial sector ended 0.29 percent
higher and the property sector dipped 0.06 percent.
** Shares of leading mainland developers rose after data showed
China's home prices remained buoyant in December. China
Evergrande added 1.79 percent, Country Garden
gained 3.49 percent and Sunac China Holdings Ltd
rose 2.33 percent.
** China's central bank injected a daily record of $83 billion
into the country's financial system on Wednesday, seeking to
avoid a cash crunch that would put further pressure on the
weakening economy, amid pledges to step up stimulus measures
this year and do more to protect jobs as economic growth cools
to 28-year lows.
** The top gainer on the Hang Seng was Sino Biopharmaceutical
Ltd, which gained 6.96 percent, while the biggest
loser was AAC Technologies Holdings Inc, which fell
3.44 percent.
** China's main Shanghai Composite index ended flat at
2,570.42 points, while the blue-chip CSI300 index
inched up just 0.02 percent.
** Around the region, MSCI's Asia ex-Japan stock index
was firmer by 0.18 percent, while Japan's Nikkei
index closed down 0.55 percent.
** The yuan was quoted at 6.7573 per U.S. dollar at
08:17 GMT, 0.05 percent firmer than the previous close of 6.761.
** The top gainers among H-shares were CSPC Pharmaceutical Group
Ltd, up 6.04 percent, followed by China Life Insurance
Co Ltd, gaining 5.23 percent, and China Pacific
Insurance Group Co Ltd, up by 4.26 percent.
** The three biggest H-shares percentage decliners were China
Resources Land Ltd, which was down 2.06 percent,
Shenzhou International Group Holdings Ltd, which fell
1.4 percent, and Anhui Conch Cement Co Ltd, down by
1.4 percent.
(Reporting by Andrew Galbraith; Editing by Subhranshu Sahu) (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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