Hong Kong Stocks Rise Led by Meituan and Baidu, Short Selling Turnover Decreases, BOC Hong Kong Sees Bullish Block Trade, SINOPEC CORP Experiences Bearish Block Trade, UBXIAMI@EP2406B Rises 20.69% Amid Concerns About Weak Growth
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Hong Kong stocks began Monday's trading session slightly higher as traders prepared for the release of key US data later in the week. The Hang Seng Index added 0.20 percent, or 32.48 points, to reach 16,531.95 at the opening. Meanwhile, the Shanghai Composite Index dipped 0.25 percent, or 7.53 points, to 3,040.50, and the Shenzhen Composite Index fell 0.30 percent, or 5.40 points, to 1,776.89.
In the morning session, the Hong Kong stock market continued to advance. The Hang Seng Index rose 79 points or 0.5% to 16,578 at the half-day mark. The Hang Seng China Enterprises Index (HSCEI) increased 40 points or 0.7% to 5,798, while the Hang Seng Tech Index (HSTECH) elevated 9 points or 0.3% to 3,465. The turnover for the half-day totaled $61.975 billion.
Meituan-W (03690.HK) saw a significant...
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