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<H Shrs>HSI Rallies 321 pts as HKEX Mounts 6%+; CCB, PING AN, CHINA MOBILE Gain
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The HSI climbed 321 points or 1.7% to 18,859 at midday. The HSCEI picked up 118 points or 1.8% to 6,679. The HSTECH slid 11 points or 0.3% to 3,936. Total half-day turnover for the market amounted to $93.901 billion. HKEX (00388.HK) advanced 6.8% to $283.6 as the market hopes that China may launch measures to support Hong Kong stocks. High dividend stocks were popular. Chinese banks PSBC (01658.HK), CCB (00939.HK) and ABC (01288.HK) swelled over 6%, while ICBC (01398.HK) and CM BANK (03968.HK) elevated over 4%. Chinese insurers PING AN (02318.HK), CHINA LIFE (02628.HK), CHINA TAIPING (00966.HK) and PICC P&C (02328.HK) jumped up 4.4% to 5.4%, while CPIC (02601.HK) shot up 8%. Telecoms CHINA TELECOM (00728.HK), CHINA UNICOM (00762.HK) and CHINA MOBILE (00941.HK) leaped over 4%. In addition, CHINA SHENHUA (01088.HK) mounted 5.4%. Moreover, SHENZHEN INT'L (00152.HK) and CITIC (00267.HK) escalated 6.3% and 5%, while GUANGDONG INV (00270.HK) ballooned 4.9%. CLP HOLDINGS (00002.HK) and POWER ASSETS (00006.HK) also hiked over 2%. CKH HOLDINGS (00001.HK) also increased 2.8% after the UK cleared national security concerns over the merger of the British buisinesses of Three UK and Vodafone. BOC HONG KONG (02388.HK) ascended 3.7%. AAStocks Financial News |
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