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Feb. 25, 2015, 3:47 a.m. EST

Hong Kong stocks rise after China data surprise to upside

Japan stocks break a five-day winning streak

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By Laura He, MarketWatch


Reuters Enlarge Image
Hong Kong stocks close higher on Wednesday, while other Asian markets traded mixed.

HONG KONG (MarketWatch) -- Hong Kong stocks inched into the black Wednesday, rebounding from the previous losses, as a preliminary reading of China’s manufacturing activity surprised to the upside and printed at a four-month high.

The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09%  rose 0.1%, with the Hang Seng China Enterprises /zigman2/quotes/210598031/delayed CN:160462 -1.13%  , which tracks Hong Kong-listed mainland Chinese companies, edging 0.2% higher.

HSBC’s “flash” China Manufacturing Purchasing Managers’ Index rose to 50.1 in February, back above the 50-level separating expansion from contraction, compared with a final read of 49.7 in the previous month, data showed Wednesday.

In Hong Kong, market movers included Sino-British banking giant HSBC Holdings PLC /zigman2/quotes/202687335/delayed HK:5 -0.26%  , recovering 0.9% after a 3.5% slide in the previous session.

Among other major index components, China Resources Land Ltd. /zigman2/quotes/202417326/delayed HK:1109 -1.26%  climbed 2.2%, China Overseas Land & Investment Ltd. /zigman2/quotes/205731176/delayed HK:688 -2.34%  advanced 2%, and both Bank of Communications Co. Ltd. /zigman2/quotes/203442771/delayed HK:3328 -0.58%  and Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 -2.20%  gained 0.5%.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31%  declined 0.6% on its first day of trade after a week-long Lunar New Year holiday.

In Japan, the Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK -0.39%  also closed in negative territory, down 0.1%, snapping a five-day winning streak. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 -0.03%   was off by less than 0.1%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.4906%  was a little stronger versus the greenback, trading at ¥118.83 from ¥118.89 late Tuesday in New York.

Elsewhere, South Korea’s Kospi Compoiste Index /zigman2/quotes/210598069/delayed KR:180721 -1.49%  finished 0.7% higher, and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33%   tacked on 0.3%.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,308.81
-300.35 -1.09%
Volume: 1.77M
Feb. 21, 2020 4:08p
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/zigman2/quotes/210598031/delayed
CN : Hong Kong Exchange
10,790.84
-123.13 -1.13%
Volume: 0.00
Feb. 21, 2020 4:08p
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/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 56.65
-0.15 -0.26%
Volume: 41.48M
Feb. 21, 2020 4:08p
P/E Ratio
23.96
Dividend Yield
7.01%
Market Cap
HK$1153.82 billion
Rev. per Employee
HK$2.88M
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/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 35.15
-0.45 -1.26%
Volume: 11.74M
Feb. 21, 2020 4:08p
P/E Ratio
7.55
Dividend Yield
3.57%
Market Cap
HK$253.86 billion
Rev. per Employee
HK$3.68M
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/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 27.10
-0.65 -2.34%
Volume: 19.31M
Feb. 21, 2020 4:08p
P/E Ratio
6.37
Dividend Yield
3.51%
Market Cap
HK$304.04 billion
Rev. per Employee
HK$30.79M
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/zigman2/quotes/203442771/delayed
HK : Hong Kong
HK$ 5.17
-0.03 -0.58%
Volume: 21.14M
Feb. 21, 2020 4:08p
P/E Ratio
4.40
Dividend Yield
6.59%
Market Cap
HK$386.17 billion
Rev. per Employee
HK$5.47M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 401.00
-9.00 -2.20%
Volume: 17.45M
Feb. 21, 2020 4:08p
P/E Ratio
39.09
Dividend Yield
0.25%
Market Cap
HK$3885.42 billion
Rev. per Employee
HK$8.27M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,039.67
+9.52 +0.31%
Volume: 36.46B
Feb. 21, 2020 3:01p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
23,386.74
-92.41 -0.39%
Volume: 0.00
Feb. 21, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,674.00
-0.48 -0.03%
Volume: 0.00
Feb. 21, 2020 3:00p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
111.5550
-0.5500 -0.4906%
Volume: 0.0000
Feb. 21, 2020 4:59p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,162.84
-32.66 -1.49%
Volume: 635,474
Feb. 21, 2020 3:33p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,139.00
-23.50 -0.33%
Volume: 1.07M
Feb. 21, 2020 5:17p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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