HONG KONG: Hong Kong stocks added to their previous advance, with the Hang Seng Index (HK: HSI) up 0.9% early Thursday. Online major Tencent Holdings Ltd. (HK:700) (TCEHY) , the second-largest Hang Seng constituent, rose 1.2%, after its fourth-quarter earnings surged 50%. Energy plays also recorded broad gains, following a strong rebound in international crude prices overnight. PetroChina Co. (HK: 857) (CN: 601857) (PTR) advanced 1.5%, Kunlun Energy Co. (HK: 135) (KUNUF) added 1.4%, Cnooc Ltd. (HK: 883) (CEO) rose 1%, and China Petroleum & Chemical Corp. (commonly known as Sinopec) (HK: 386) (SNP) moved up 0.5%. Correspondingly, most airlines and shipping shares declined on fears of rising fuel costs: China Southern Airlines Co. (HK: 1055) (ZNH) (CN: 600029) lost 2.6%, China Eastern Airlines Corp. (HK: 670) (CHEAF) (CN:600115) fell 1.2%, Cosco International Holdings Ltd. (HK:517) dropped 0.9%, and China Merchants Holdings International Co. (HK:144) slipped 0.3%. On the upside, Macau casino operator Wynn Macau Ltd. (HK:1128) (WYNMF) recovered 5.6% from recent heavy losses, and other gaming stocks also gained, with Melco Crown Entertainment Ltd. (HK:6883) (MPEL) climbing 2.8%, MGM China Holdings Ltd. (HK:2282) (MCHVF) up 1.7%, and SJM Holdings Ltd. (HK:880) (SJMHF) higher by 1.4%. Among other movers, telecoms giant China Mobile Ltd. (HK: 941) (CHL) retreated 0.5%, ahead of its earnings, due later in the day, while Ping An Insurance Group Co. (HK: 2318) (PNGAY) (CN: 601318) edged up 0.3% ahead of its annual results, also scheduled to come out Thursday. Over on the Chinese mainland, the Shanghai Composite Index (CN: SHCOMP) pulled back by 0.3%.
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...
