HONG KONG: Hong Kong stocks took positive start on Tuesday morning, as shipping stocks and airlines strengthened on weaker oil value.
The Hang Seng Index HSI, +0.53% rose 0.5%. Shipping shares and airline companies were boosted by another fall in crude prices overnight in New York, with Orient Overseas (International) Ltd. 0316, +1.33% jumping 2.9%, China Merchants Holdings (International) Co. Ltd. 0144, +2.12% climbing 2.3%, China Eastern Airlines Corporaton Ltd. 0670, +1.02% rising 2.5%, and China Southern Airlines Co. Ltd. 1055, +0.74% up 2%. However, China’s biggest offshore oil producer Cnooc Ltd. 0883, -1.69% CEOHF, +0.76% fell 1%. State-owned energy giant PetroChina Co. Ltd. 0857, +0.11% PCCYF, +3.88% once dropped 1.2%, but erased early losses and inched 0.1% higher. Among other movers, Hong Kong cosmetics retailer Sa Sa International Holdings Ltd. 0178, -3.60% declined 2.8%, after the firm announced a fall in its quarterly same-store sales. Over on the mainland, the Shanghai Composite Index SHCOMP, +0.26% edged up 0.2%.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
