HSI 28826.98 +1,023.63 +3.68% HSI FIN 42929.82 +1,405.18 +3.38% HSI UTI 39479.55 +641.75 +1.65% HSI PROP 37609.06 +914.50 +2.49% HSI COM&IND 16680.24 +730.52 +4.58% HSCEI 17510.46 +815.38 +4.88% HS Red-chip 6082.99 +337.20 +5.87% GEM 1479.44 +51.00 +3.57% HSCI 4088.74 +152.13 +3.86% HSHKCI 2952.86 +59.04 +2.04% HSMLCI 5492.11 +259.76 +4.96% HSHKLI 2392.66 +36.13 +1.53% HSHKMI 5743.29 +170.91 +3.07% HSHKSI 3293.47 +89.53 +2.79%
NIKKEI225 15466.64 +340.01 +2.25%
SSE A 5504.06 +88.93 +1.64% SSE B 336.26 +6.23 +1.89% SZSE A 1349.13 +15.91 +1.19% SZSE B 711.77 +14.66 +2.10%
Taiwan 8956.61 +229.40 +2.63%
Singapore 3534.64 +59.17 +1.70% Thailand 865.81 +8.15 +0.95% Philippines 3681.62 +82.13 +2.28% Jakarta 2704.03 +49.82 +1.88% Kuala Lumpur 1385.33 +1.90 +0.14% VNI 993,75 +20,16 +2,07%
HK HSI HSI +3.7% Midday; Rally "Not Enough" - Ample
HSI +3.7% at 28826.98 midday on Wall Street cue, as investors hunt for bargains after 4000-point correction recently, with sentiment getting extra lift by
UBS' Andrew Look pegging HSI's blue-sky target at 42000 next year;
volume unexciting though at HK$85.923 billion.
Ample Financial Group's Alex Wong says 1024-point rebound "not enough," index may try 30000 in short term; recommends buying petrochemical, airlines stocks as beneficiaries of lower oil prices. 38 of 40 blue chips higher with China plays back in vogue: China Mobile (0941.HK) +6.6% at HK$137.40, China Unicom (0762.HK) +6.2% at HK$15.44; both say they want to sell iPhone in China; Ping An (2318.HK) +5.7% at HK$95, Sinopec (0386.HK) +7.4% at HK$11.32.(RLI)
China China A-shares end morning higher on bargain-hunting, Wall St rebound
SHANGHAI (XFN-ASIA) - China A-shares finished the morning session higher led by steelmakers as investors hunted for bargains after the market's recent weakness, with sentiment boosted by a strong rebound on US bourses overnight.
However, dealers noted that the market's upside was capped and trade somewhat sluggish due to concerns that authorities could announce an interest rate hike as early as Friday, following yesterday's inflation data.
The benchmark Shanghai Composite Index ended the morning up 68.85 points or 1.33 pct at 5,226.97.
The Shanghai A-share Index rose 72.19 points to 5,487.31 and the Shenzhen A-share Index was up 12.94 points at 1,346.16.
The FTSE/Xinhua China A 50 Index was up 199.98 points at 20,238.86, while the FTSE/Xinhua China A 200 Index was up 120.65 points to 14,305.52.
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