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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 +1.11%  rose 0.1%, with the Hang Seng China Enterprises /zigman2/quotes/210598031/delayed CN:160462 +0.63%  , 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 +1.99%  , 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 0.00%  climbed 2.2%, China Overseas Land & Investment Ltd. /zigman2/quotes/205731176/delayed HK:688 +0.22%  advanced 2%, and both Bank of Communications Co. Ltd. /zigman2/quotes/203442771/delayed HK:3328 +1.39%  and Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 +0.52%  gained 0.5%.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +1.77%  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 +2.32%  also closed in negative territory, down 0.1%, snapping a five-day winning streak. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +1.86%   was off by less than 0.1%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0412%  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 +1.00%  finished 0.7% higher, and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.45%   tacked on 0.3%.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,027.57
+308.90 +1.11%
Volume: 1.88M
May 14, 2021 4:08p
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/zigman2/quotes/210598031/delayed
CN : Hong Kong Exchange
10,404.95
+64.96 +0.63%
Volume: 0.00
May 14, 2021 4:08p
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/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 48.75
+0.95 +1.99%
Volume: 20.32M
May 14, 2021 4:08p
P/E Ratio
21.27
Dividend Yield
2.39%
Market Cap
HK$1002.95 billion
Rev. per Employee
HK$2.56M
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/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 35.50
0.00 0.00%
Volume: 10.64M
May 14, 2021 4:08p
P/E Ratio
7.53
Dividend Yield
4.17%
Market Cap
HK$253.15 billion
Rev. per Employee
HK$4.24M
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/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 18.48
+0.04 +0.22%
Volume: 10.89M
May 14, 2021 4:08p
P/E Ratio
4.12
Dividend Yield
6.39%
Market Cap
HK$202.24 billion
Rev. per Employee
HK$34.63M
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/zigman2/quotes/203442771/delayed
HK : Hong Kong
HK$ 5.11
+0.07 +1.39%
Volume: 27.57M
May 14, 2021 4:08p
P/E Ratio
4.18
Dividend Yield
7.49%
Market Cap
HK$413.42 billion
Rev. per Employee
HK$5.77M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 583.00
+3.00 +0.52%
Volume: 16.01M
May 14, 2021 4:08p
P/E Ratio
31.20
Dividend Yield
0.27%
Market Cap
HK$5546.41 billion
Rev. per Employee
HK$10.55M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,490.38
+60.84 +1.77%
Volume: 33.70B
May 14, 2021 3:01p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
28,084.47
+636.46 +2.32%
Volume: 0.00
May 14, 2021 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,883.42
+34.38 +1.86%
Volume: 0.00
May 14, 2021 3:00p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.3930
+0.0450 +0.0412%
Volume: 0.0000
May 16, 2021 6:36p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,153.32
+31.21 +1.00%
Volume: 836,404
May 14, 2021 3:32p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,014.20
+31.50 +0.45%
Volume: 738.00
May 17, 2021 8:15a
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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