LOS ANGELES, MarketWatch (17/10) --Hong Kong stocks were higher early
Thursday, following advances for U.S. stocks as Washington moved closer
to reopening the government and raising the debt ceiling. The
Hang Seng Index rose 0.4% and the Hang Seng China Enterprises Index
gained 0.3%. Mining issues were up, with Angang Steel Co. logging a rise
of 1.5% and Aluminum Corp. of China Ltd., or Chalco higher by 1.1%. Finance
shares, however, turned lower, with China's central bank ready to take
out 44.5 billion yuan ($7.3 billion) from the banking system this week
though regular open-market operations, according to Dow Jones Newswires.Shares
of China Merchants Bank Co. fell 0.4%, and shares of Bank of China
Ltdand Agricultural Bank of China Ltd. each lost 0.3%. The Shanghai
Composite Index CN was up 0.2%.17 Oktober 2013
Hong Kong stocks advance after U.S. debt deal
LOS ANGELES, MarketWatch (17/10) --Hong Kong stocks were higher early
Thursday, following advances for U.S. stocks as Washington moved closer
to reopening the government and raising the debt ceiling. The
Hang Seng Index rose 0.4% and the Hang Seng China Enterprises Index
gained 0.3%. Mining issues were up, with Angang Steel Co. logging a rise
of 1.5% and Aluminum Corp. of China Ltd., or Chalco higher by 1.1%. Finance
shares, however, turned lower, with China's central bank ready to take
out 44.5 billion yuan ($7.3 billion) from the banking system this week
though regular open-market operations, according to Dow Jones Newswires.Shares
of China Merchants Bank Co. fell 0.4%, and shares of Bank of China
Ltdand Agricultural Bank of China Ltd. each lost 0.3%. The Shanghai
Composite Index CN was up 0.2%.
