Hong Kong stocks rise as investors await Beijing’s stimulus measures
The Hang Seng Index rose 0.2 per cent to 19,642.83 as of 10.02am local time, taking the gain to 1.1 per cent for the week. The Hang Seng Tech Index gained 0.7 per cent.
Mainland’s benchmarks declined. The CSI 300 Index and the Shanghai Composite Index both retreated 0.3 per cent.
BYD Electronic jumped 7.6 per cent to HK$35.40 and Sunny Optical surged 7.4 per cent to HK$61.00. Smartphone maker Xiaomi added 2.5 per cent to HK$28.80 and Tencent Holdings advanced 0.7 per cent to HK$410.80.
Chinese search engine operator Baidu tumbled 8.6 per cent to HK$76.60, the worst performer on the Hang Seng Index, after third-quarter revenue fell 3 per cent for the biggest decline in more than two years.
Separately, the quarterly review of the Hang Seng Index is due to be released later on Friday. The index compiler did not make any change in the last rebalancing.
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