The Hong Kong Stock Exchange rises 0.42% confident in a market recovery

The Hong Kong Stock Exchange closed today with an advance of 0.42% in its main indicator, the Hang Seng, amid signs that anticipate some recovery in the global stock markets after the heavy losses registered by the collapse of the international prices of the raw.

The Hang Seng ended with a gain of 99.81 points, up to 23,893.36 integers, while the Hang Seng Enterprises, the benchmark index that brings together the Chinese values ​​of the mainland, rose 0.57%.

By sector, the financial sub-index lost 0.15%, that of services gained 0.40%, real estate fell 0.20% and that of commerce and industry rose 1.39%.

The progress is linked to expectations that global markets will recover this Wednesday after the turbulence this week due to the collapse in international oil prices, although uncertainty continues due to the impact of the coronavirus pandemic.

Among the benchmark stocks on Hong Kong's parquet, technology firm Tencent rose 2.20% to close and Alibaba gained 0.69%.

In the insurance sector, Ping An rose 0.06% and AIA lost 0.07%. The state-owned China Mobile company finished with an advance of 2.67% and the banking group HSBC lost 0.77%.

Among firms in the energy sector, PetroChina lost 1.11% and Cnooc fell 0.36%, while real estate group Sunac fell 0.61%.

Trading volume was 97.050 billion Hong Kong dollars (11.533 million euros / 12.522 million dollars).


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