Global Market News

Hong Kong Hang Seng Down 0.15% on Afternoon Declines; Shanghai Down 0.3%


Last updated: 01/13/2021 05:14:30

05:14 AM EST, 01/13/2021 (MT Newswires) -- The Hong Kong Hang Seng Index opened with gains but slipped in afternoon action to close down 0.15%, as traders booked profits from recent rallies, and eyed the COVID-19 pandemic and recent outbreaks in mainland China. Tech issues declined, with the Hang Seng TECH Index retreating 0.7%, while oil stocks showed strength.

The broad gauge Hang Seng fell 41.15 to 28,235.60, as gaining and losing issues were matched at 25 each.

Leading the upside were state oil-driller CNOOC (883:HK), up 5.5%, followed by China Petroleum & Chemical (386:HK), up 5.0%, and then state conglomerate CITIC (857:HK), up 4.4%.

On the downside were Sino Biopharmaceutical (1177:HK), off 3.1%, and then Budweiser Brewing APAC (1876:HK), off 2.7%.

On the mainland, the Shanghai Composite fell 0.3% to 3,598.65.
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