Hong Kong stocks end lower as tech shares slide Reuters 2/4/2021
Feb 4 (Reuters) - Hong Kong stocks closed lower on Thursday, on weakness in tech shares and worries about recent tighter liquidity conditions in mainland Chinese markets. The Hang Seng index ended 193.96 points or 0.66% lower at 29,113.50, while the Hang Seng China Enterprises index fell 0.76% to 11,563.5. The sub-index of the Hang Seng tracking energy shares rose 0.1%, while the IT sector dipped 1.39%, the financial sector ended 0.21% lower and the property sector dipped 0.4%. Around the region, MSCI s Asia ex-Japan stock index was firmer by 0.92%, while Japan s Nikkei index closed down 1.06%. Regional markets also eased as higher interest rates in mainland China raised investor worries that policymakers may be starting to shift to a tighter stance to rein in share prices and property markets.
ASX to rise, S&P 500 resets its closing high
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Australian shares are set to rise at the open, bolstered by broad gains in Europe and New York, where both the S&P 500 and Nasdaq reset their closing highs. Local investors will be paying particular attention to the RBA this morning.
Governor Phil Lowe will give testimony to the House of Representatives Standing Committee on Economics in Canberra, beginning at 9.30am AEDT. The bank will release its latest Statement on Monetary Policy at 11.30am AEDT.
ASX futures were up 69 points or 1 per cent to 6766 near 8am AEDT. The currency slipped below US76¢.
Hong Kong shares flip to gains on demand from mainland investors Reuters 2/3/2021 A-share trades at 35.23% premium over H-shares
BEIJING, Feb 3 (Reuters) - Hong Kong shares reversed earlier losses to close higher on Wednesday, helped by tech and energy firms following continuous demand from mainland investors seeking lower-valued stocks. At the close of trade, the Hang Seng index was up 58.76 points or 0.2% at 29,307.46. The Hang Seng China Enterprises index rose 0.37% to 11,651.84. The sub-index of the Hang Seng tracking energy shares rose 1.7%, while the IT sector rose 1.92%. The financial sector shed 0.15% and the property sector dipped 0.71%. Mainland investors on Wednesday poured a net HK$12.3 billion ($1.59 billion) worth of Hong Kong stocks via the Stock Connect linking mainland and the Asian financial hub, attracted by their low valuations.