Oct 2, 2024 at 5:12 am GMT
HONG KONG (Reuters) -Hong Kong shares rose on Wednesday, putting them on track for a sixth straight session of gains, as investors cheeredChina's stimulus measures and easier home purchase rules.
** Bythe midday break, the benchmark Hang Seng Index .HSI was up 6% at 22,401.74, andChinese H-shares listed in Hong Kong . HSCE surged 7.21% to 8,051.39. The Hang Seng Index hit its highest level since January last year earlier in the session.
** TheHong Kong market reopened after theNational Day holiday on Tuesday, while mainland Chinese markets are shut for the week-long Golden Week holiday.
** "While the large-scale policy measures announced over the past week are not designed to provide an immediate boost to economic growth, investors will likely look for early signs of improving confidence in consumer spending during the Golden Week holidays (1-7 October)," BNP Paribas said in a research note.
** Around the region, MSCI 's Asia ex-Japan stock index .MIAPJ0000PUS was firmer by 1.57% while Japan's Nikkei index .N225 was down 1.65%.
** The top gainers among H-shares were Longfor 0960.HK, up 28.86%, followed by Meituan 3690.HK, up14.94%, and Ping An Insurance 2318.HK, which advanced13.26%.
** Hang Seng Tech Index .HSTECH rose 8.72% to 5,166.09 and Hang Seng Mainland Properties Index .HSMPI jumped 14.68% to 1,691.67. TheHang Seng index tracking energy shares .HSCIE rose 4.1% while IT stocks.HSCIIT rose 6.2%

Sumber : Reuters