For the week, HSI slipped 0.4%, while HSCE was down 1.2%. The Hang Seng tech index fell 2.2% on Friday, having retreated 4.3% for the week, amid tensions between Beijing and the West. China has approved domestic fund managers’ first exchange-traded funds (ETFs) based on Hong Kong’s Hang Seng TECH Index, state media said, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent. Historical data shows there are marked “calendar effects” in the Hong Kong stock market which could face some pressure in May, when the A-share market and the U.S. stocks also tend to be weak, Everbright Securities analysts said in a note.
HK stocks rise on energy boost, though Sino-West tensions weigh Reuters 2 hrs ago HSI +0.8%, HSCE +0.3%, CSI300 -1.2% FTSE China A50 -1.3%
May 6 (Reuters) - Hong Kong stocks eked out gains on Thursday, helped by energy firms, though the upmove was capped by tensions between China and the West. At the close of trade, the Hang Seng index was up 219.48 points, or 0.77%, at 28,637.46. The Hang Seng China Enterprises index rose 0.32% to 10,756.37. The sub-index of the Hang Seng tracking energy shares rose 2.4%, while the IT sector climbed 0.26%, the financial sector ended 0.88% higher which the property sector closed 0.35% firmer. The top gainer on the Hang Seng was Budweiser Brewing Company APAC Ltd, which gained 4.94%, while the biggest loser was Haidilao International Holding Ltd, which fell 7.4%.
ASX to rise, Dow resets record, iron ore hits high of $US200+
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Australian shares are set to rise at the open, bolstered by gains in New York as well as commodities markets. The RBA will release its latest Statement on Monetary Policy at 11.30am AEST.
ASX futures were up 20 points or 0.3 per cent to 7043 near 7am AEST. The currency was up 0.5 per cent. The yield on the US 10-year note was unchanged at 1.57 per cent near 4.30pm in New York.
In New York, the Dow closed up 318 points or 0.9 per cent at 34,548.53, resetting its record high - now 34,561.29 - for a second consecutive session. All three benchmarks rallied into the close.
China Enterprises index HSCE gains 0.17% HSI financial sub-index climbs 0.7%; property sector rises 0.8%
HONG KONG, May 5 (Reuters) - Hong Kong shares inched up on Wednesday as the energy sector rose on higher oil prices due to a steep drop in U.S. crude stocks, while bargain hunting boosted financial firms ahead of the reopening of China markets. By the midday break, the Hang Seng Index was up 2.66 points, or 0.01%, at 28,559.80, on course to gain for a second session. The Hang Seng China Enterprises index rose 0.17% to 10,784.15. The sub-index of the Hang Seng tracking energy shares rose 1.6%, while the IT sector dipped 1.32%, the financial sector climbed 0.73% and the property sector gained 0.81%.