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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 +0.47%  rose 0.1%, with the Hang Seng China Enterprises /zigman2/quotes/210598031/delayed CN:160462 +0.73%  , 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 +0.16%  , 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 +0.84%  climbed 2.2%, China Overseas Land & Investment Ltd. /zigman2/quotes/205731176/delayed HK:688 -0.25%  advanced 2%, and both Bank of Communications Co. Ltd. /zigman2/quotes/203442771/delayed HK:3328 0.00%  and Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 -0.38%  gained 0.5%.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +2.07%  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 +0.18%  also closed in negative territory, down 0.1%, snapping a five-day winning streak. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +0.49%   was off by less than 0.1%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0115%  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 +0.26%  finished 0.7% higher, and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.32%   tacked on 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
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/zigman2/quotes/210598031/delayed
CN : Hong Kong Exchange
9,803.10
+70.95 +0.73%
Volume: 0.00
Sept. 18, 2020 4:09p
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/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 30.95
+0.05 +0.16%
Volume: 34.26M
Sept. 18, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$621.91 billion
Rev. per Employee
HK$2.88M
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/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 36.05
+0.30 +0.84%
Volume: 10.23M
Sept. 18, 2020 4:09p
P/E Ratio
8.33
Dividend Yield
3.31%
Market Cap
HK$257.07 billion
Rev. per Employee
HK$3.68M
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/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 20.35
-0.05 -0.25%
Volume: 48.76M
Sept. 18, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
5.01%
Market Cap
HK$222.95 billion
Rev. per Employee
HK$30.79M
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/zigman2/quotes/203442771/delayed
HK : Hong Kong
HK$ 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$5.47M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 525.00
-2.00 -0.38%
Volume: 21.70M
Sept. 18, 2020 4:09p
P/E Ratio
43.86
Dividend Yield
0.23%
Market Cap
HK$4988.90 billion
Rev. per Employee
HK$8.27M
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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
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/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
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
104.5600
-0.0120 -0.0115%
Volume: 0.0000
Sept. 18, 2020 4:59p
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/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/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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