March 5, 2021

Relief in Hang Seng despite the uncertainty of the China-US dispute.

The benchmark index of the Hong Kong Stock Exchange, Hang Seng, came out of losses on Wednesday with a slight rise of 0.08% amid uncertainties over the escalation of the trade conflict between China and the United States.

The selective added 20.79 points to 25,997.03, while the index that measures the behavior of companies in mainland China listed on the Hong Kong parquet, Hang Seng China Enterprises, lost 0.19%.

Mixed end between the sub-indices, since two lost -Real Estate (0.13%) and Commerce and Industry (0.23%) – and the other two advanced -Finance (0.24%) and Services (1.09%) -.

The biggest winner of the day was the Hong Kong energy company CLP Holdings (3.09%), which said yesterday that it sees possibilities in the electricity market in southern China and in the renewable energy market in India.

The Chinese state energy companies did not suffer the same fate, with Cnooc (-1%) on the red side, while Petrochina and Sinopec stayed just as they opened.

Public telecommunications companies lost: China Mobile (0.86%) and China Unicom (1.11%).

On the other side of the coin, the good day of the main value per parcel price weight, the technological Tencent (+ 0.42%).

The financial sector saw more red than green, with falls like that of the China Life insurer (1.54%), while watching its rival AIA (1.72%) rise.

Some outstanding losses in real estate such as New World Development (2.73%) or Sun Hung Kai (1.41%), although there were also advances for Country Garden (1.65%) or China Overseas (1.62 %).

The turnover of the session was 80,090 million Hong Kong dollars (10,215 million dollars, 9,126 million euros).

. (tagsToTranslate) Relief (t) Hang (t) Seng (t) uncertainty (t) China-USA

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