Hong Kong Stock Market May Spin Its Wheels On Friday

(RTTNews) - The Hong Kong stock market has finished higher in two straight sessions, advancing more than 230 points or 0.9 percent along the way. The Hang Seng Index now rests just above the 26,210-point plateau although it's likely to see profit taking on Friday.

The global forecast for the Asian markets is soft on growing fears of another coronavirus wave. The European markets were down and the U.S. bourses were mostly in the red and the Asian markets figure to open in similar fashion.

The Hang Seng finished modestly higher on Thursday following gains from the insurance companies, weakness from the casinos and mixed performances from the properties and oil stocks.

For the day, the index gained 80.98 points or 0.31 percent to finish at 26,210.16 after trading between 26,016.75 and 26,374.94.

Among the actives, Hang Lung Properties surged 4.60 percent, while Tencent Holdings soared 3.68 percent, Wharf Real Estate plummeted 3.61 percent, AAC Technologies spiked 3.46 percent, BOC Hong Kong plunged 3.10 percent, Sino Land tanked 2.14 percent, Galaxy Entertainment tumbled 2.09 percent, China Resources Land accelerated 1.87 percent, Hong Kong & China Gas skidded 1.50 percent, China Petroleum and Chemical (Sinopec) jumped 1.45 percent, China Mengniu Dairy climbed 1.31 percent, Henderson Land dropped 1.31 percent, China Life Insurance advanced 1.21 percent, Sands China sank 1.14 percent, CSPC Pharmaceutical shed 0.79 percent, Industrial and Commercial Bank of China lost 0.78 percent, CNOOC fell 0.68 percent, CITIC slid 0.62 percent, Power Assets dipped 0.57 percent, WH Group added 0.55 percent, China Mobile gained 0.53 percent, Ping An Insurance rose 0.45 percent, AIA Group was down 0.39 percent, Techtronic Industries increased 0.25 percent and Country Garden Holdings eased 0.18 percent.
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