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Feb. 13, 2015, 5:02 a.m. EST

Hong Kong stocks advance by the most in three weeks

Japanese stocks retreat from seven-year-high

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By Laura He, MarketWatch


Reuters Enlarge Image
Hong Kong stocks rise further Friday, with most Asian markets ending higher.

HONG KONG (MarketWatch) — Hong Kong stocks extended gains Friday, as financial shares continued to advance after recent easing moves by China’s central bank.

The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.69%  ended up 1.1% at 24,682.54, marking its biggest rise in three weeks.

Mainland banks mostly gained, after the People’s Bank of China pumped another 160 billion yuan ($26 billion) into the banking system on Thursday. That lead to a net weekly injection of more than 200 billion yuan, the highest in more than a year. Bank of China Ltd. /zigman2/quotes/204682472/delayed HK:3988 +2.60%   rose 1.4%, Industrial and Commercial Bank of China Ltd. /zigman2/quotes/201401473/delayed HK:1398 +4.41%   added 1.3%, and China Merchants Bank Co., Ltd. /zigman2/quotes/209899244/delayed HK:3968 +6.77%   moved up 1%.

Among other movers in the financial sector, Ping An Insurance Group Company of China., Ltd. /zigman2/quotes/210315058/delayed HK:2318 +2.78%   rallied 3%, after reporting a 26% year-on-year jump in its premium revenues for last month. China Life Insurance Co. Ltd. /zigman2/quotes/202359856/delayed HK:2628 +3.09%   also climbed 1.8% after its January premium revenues increased more than 6% from the same period a year ago.

Macau casino operator Sands China Ltd. /zigman2/quotes/207609245/delayed HK:1928 +6.04%   spiked 3.2%, as its 2014 profit rose 15% , while rival Melco Crown Entertainment Ltd.  gained 2.3%, despite a decline in its quarterly net profit.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +1.33%  extended a five-day winning streak, ending up 1% at 3,203.83.

Other Asian markets mostly closed higher, as Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.78%  improved by 2.3% to 5,877.50, and Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.69%  settled 0.8% higher at 1,957.50.

However, Japan’s Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.22%  pulled back from a seven-year high in the previous session, falling 0.4%. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 -0.04%  closed flat.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.1612%  rebounded against greenback to ¥118.94 from ¥120.31 at Tokyo stock close on Thursday.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,587.74
+491.88 +1.69%
Volume: 1.28M
March 3, 2021 12:05p
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/zigman2/quotes/204682472/delayed
HK : Hong Kong
HK$ 2.76
+0.07 +2.60%
Volume: 234.52M
March 3, 2021 11:59a
P/E Ratio
4.22
Dividend Yield
7.58%
Market Cap
HK$1045.42 billion
Rev. per Employee
N/A
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/zigman2/quotes/201401473/delayed
HK : Hong Kong
HK$ 5.21
+0.22 +4.41%
Volume: 171.15M
March 3, 2021 11:59a
P/E Ratio
5.78
Dividend Yield
5.52%
Market Cap
HK$2165.67 billion
Rev. per Employee
HK$3.26M
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/zigman2/quotes/209899244/delayed
HK : Hong Kong
HK$ 62.30
+3.95 +6.77%
Volume: 13.80M
March 3, 2021 11:59a
P/E Ratio
15.34
Dividend Yield
2.11%
Market Cap
HK$1521.64 billion
Rev. per Employee
HK$5.29M
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/zigman2/quotes/210315058/delayed
HK : Hong Kong
HK$ 97.85
+2.65 +2.78%
Volume: 19.10M
March 3, 2021 11:59a
P/E Ratio
11.07
Dividend Yield
2.70%
Market Cap
HK$1808.81 billion
Rev. per Employee
HK$3.74M
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/zigman2/quotes/202359856/delayed
HK : Hong Kong
HK$ 16.68
+0.50 +3.09%
Volume: 27.01M
March 3, 2021 11:59a
P/E Ratio
8.31
Dividend Yield
4.79%
Market Cap
HK$947.67 billion
Rev. per Employee
HK$7.83M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 37.75
+2.15 +6.04%
Volume: 10.68M
March 3, 2021 11:59a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$296.50 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,555.28
+46.69 +1.33%
Volume: 20.64B
March 3, 2021 12:39p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,815.10
+52.80 +0.78%
Volume: 418,638
March 3, 2021 3:34p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,064.85
+20.98 +0.69%
Volume: 1.81M
March 3, 2021 1:34p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
29,473.68
+65.51 +0.22%
Volume: 0.00
March 3, 2021 1:34p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,894.17
-0.68 -0.04%
Volume: 0.00
March 3, 2021 1:34p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.8580
+0.1720 +0.1612%
Volume: 0.0000
March 2, 2021 11:53p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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