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Aug. 13, 2014, 6:03 a.m. EDT

Hong Kong stocks close at highest since late 2010

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By Laura He, MarketWatch

HONG KONG (MarketWatch) — Hong Kong stocks climbed on Wednesday to their highest settlement in more than three years, extending a three-day winning streak.

The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.47%  ended up 0.8% at 24,890.34, a closing level it hasn’t seen since November 2010, shrugging off a batch of Chinese economic data that showed a slowing in growth.

China’s industrial production rose by 9% in July, easing from a 9.2% increase in June, while a 12.2% growth in July retail sales also missed expectations from a Bloomberg survey, according to data from the National Bureau of Statistics on Wednesday.


Shutterstock/leungchopan

Chinese banks advanced across the board, with China Merchants Bank Co., Ltd. /zigman2/quotes/209899244/delayed HK:3968 +1.54%   rising 1.8%, Bank of Communications Co. /zigman2/quotes/203442771/delayed HK:3328 0.00%  adding 1.7%, and China Construction Bank Corp. /zigman2/quotes/208974133/delayed HK:939 +0.38%  improving by 0.9%.

However, Cathay Pacific Airways Ltd. /zigman2/quotes/203532437/delayed HK:293 +0.17%  , one of Asia’s largest airlines, bucked the market trend with a 1.7% decline, after its interim earnings fell short of market expectations.

In Japan, the Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.18%  gained for a third straight session, closing up 0.4%. The Topix index /zigman2/quotes/210598092/delayed JP:180460 +0.49%  also finished 0.4% higher. The yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0115%  , meanwhile, fell to 102.452, from 102.294 against the dollar on Tuesday.

In other Asian markets, Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.26%  settled 1% higher, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +2.07%  ticked up 0.1%, and Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.32%   pulled back 0.3%.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,455.41
+114.56 +0.47%
Volume: 2.30M
Sept. 18, 2020 4:09p
loading...
/zigman2/quotes/209899244/delayed
HK : Hong Kong
HK$ 39.45
+0.60 +1.54%
Volume: 20.76M
Sept. 18, 2020 4:09p
P/E Ratio
9.75
Dividend Yield
3.33%
Market Cap
HK$1103.41 billion
Rev. per Employee
HK$3.67M
loading...
/zigman2/quotes/203442771/delayed
HK : Hong Kong
HK$ 3.90
0.00 0.00%
Volume: 31.37M
Sept. 18, 2020 4:09p
P/E Ratio
3.68
Dividend Yield
8.85%
Market Cap
HK$347.18 billion
Rev. per Employee
HK$5.47M
loading...
/zigman2/quotes/208974133/delayed
HK : Hong Kong
HK$ 5.32
+0.02 +0.38%
Volume: 329.20M
Sept. 18, 2020 4:09p
P/E Ratio
4.79
Dividend Yield
6.57%
Market Cap
HK$1347.67 billion
Rev. per Employee
HK$3.31M
loading...
/zigman2/quotes/203532437/delayed
HK : Hong Kong
HK$ 5.94
+0.01 +0.17%
Volume: 5.77M
Sept. 18, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$38.24 billion
Rev. per Employee
HK$4.27M
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
23,360.30
+40.93 +0.18%
Volume: 0.00
Sept. 18, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,646.42
+8.02 +0.49%
Volume: 0.00
Sept. 18, 2020 3:00p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
104.5600
-0.0120 -0.0115%
Volume: 0.0000
Sept. 18, 2020 4:59p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,412.40
+6.23 +0.26%
Volume: 756,516
Sept. 18, 2020 3:32p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,338.09
+67.65 +2.07%
Volume: 25.63B
Sept. 18, 2020 3:01p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,864.50
-18.70 -0.32%
Volume: 1.51M
Sept. 18, 2020 5:05p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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