Tuesday, 13 November 2018 16:18 WIB |
MARKET UPDATE |HANG SENGSaham Hong KongHang Seng China EnterprisesIndeks Hang Seng
Stocks in Hong Kong rose on Tuesday as Beijing and Washington are said to be preparing for fresh trade talks, helping investors overcome the overnight rout in the U.S. markets
The Hang Seng index gained 0.6 percent to 25,792.87 and the Hang Seng China Enterprises index edged up 0.4 percent.
The sub indices for the financial sector rose by 0.5 percent and the property sector was 0.6 percent higher.
The market was lacklustre in the morning, treading in the negative territory by midday. But as the news of Chinese vice premier Liu He visiting the U.S. trickled in, investors became more optimistic across the board.
The rebound also lifted technology stocks, which were battered overnight on Wall Street, with Apple Inc leading the losses after the company™s supplies issued warnings on results.
The Hang Seng is up 3.3 percent so far this month, after losing 10 percent in October. The index for H-shares have gained 3.4 pct in the same period, having shed 8 percent last month.