Hong Kong stocks hit 9-month high on lunar new year rush
Jan 26 (Reuters) - Hong Kong shares jumped on Thursday,
on course to mark a gain on the first day of trade in the year
of the rabbit, with local stock catching up to gains in other
markets as trade resumed after the three-day Lunar New Year
holiday.
Mainland China markets are due to resume on Monday.
** The benchmark Hang Seng Index surged to as high as
22,475.11, the highest level since April 4, 2022, while the
Chinese H-shares Hang Seng China Enterprises Index rose
2.2% to 7,651.12, the highest since July 5.
** At the midday break, Hang Seng Index rose 1.7% to
22,426.13 and the Hang Seng China Enterprises Index was
up 2.1% at 7,636.90.
** Sands China (SCHYF) leads rise in Macau casinos stocks
on Lunar New Year rush.
** Around the region, MSCI's Asia ex-Japan stock index
was firmer by 0.85% while Japan's Nikkei index
was down 0.31%.
** The top gainers among H-shares were Li Auto Inc (LI)
, up 10.69%, followed by Xiaomi Corp (XIACF), gaining
9.27%, and Sunny Optical Technology Group Co Ltd (SNPTF), up
by 6.64%.
** The three biggest H-shares percentage decliners were
China Feihe Ltd (CHFLF), which has fallen 2.39%, CSPC
Pharmaceutical Group Ltd (CHJTF), which has lost 1.28%, and
Sino Biopharmaceutical Ltd (SBMFF), down by 0.83%.
** Hang Seng TECH Index jumped 3.2%, the IT sector
rose 2.4% and the Hang Seng Mainland Properties Index
surged 3.1%
** The top gainer on the Hang Seng was Xiaomi Corp (XIACF)
, up 9.27%, while the biggest loser was Orient Overseas
International Ltd (OROVF), which was down 3.98%.
(Reporting by Donny Kwok; Editing by Krishna Chandra Eluri)
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