Financial news
Written by: Zhang Weilun
2020-03-05 16:46
Last updated: 2020-03-05 16:52Hong Kong stocks closed higher today and regained 26,800 points. The rise in the market was related to the US and Canadian Central Bank's announcement of interest rate cuts and the former US Vice President Biden's superiority on Tuesday. Among them, bank stocks, domestic demand and consumer stocks all rebounded, and Tencent Holdings (0700) made a good contribution to the market.
The Hang Seng Index closed at 26767 points, up 545 points. The state-owned enterprise index closed at 10728 points, up 206 points, and the turnover was 132.63 billion yuan.
Banking stocks generally rose. HSBC Holdings (0005) rose 0.9% to close at 51.8 yuan, Hang Seng Bank (0011) rose 1.1% to close at 150.8 yuan, BOC Hong Kong (2388) rose 1.2% to close at 26.25 yuan. The Bank of East Asia ( 0023) rose 12.7% and closed at 19.44 yuan.
Domestic demand and consumer stocks also improved. Hengan International (1044) rose 3.1% to close at 61.85 yuan, Mengniu Dairy (2319) rose 3.5% to close at 29.6 yuan, and China Want Want (0151) rose 2.3% to close at 6.33 yuan. Wanzhou International (0288) rose 4.2% and closed at 8.45 yuan.
Tencent regained 400 yuan, closing at 406.2 yuan, up 3.1%, and Alibaba (9988) rose 2.5%, closing at 207.2 yuan.
Summary of Hong Kong stock market closing