Hang Seng lower at noon

Business | 29 Nov 2018 12:55 pm

Hong Kong blue-chips were lower in morning trade today. At midday, the benchmark Hang Seng Index eased 0.13 percent, or 35.8 points, at 26,646.76.

But the China Enterprises Index, the H-share gauge, added 0.18 percent, or 18.76 points, at 10,653.47.

Chinese tech giant Tencent Holdings (0700) dropped 0.25 percent to HK$314, while HSBC Holdings (0005) slid 0.81 percent to HK$67.1. AIA Group (1299) rose 0.31 percent to HK$64.9.

Property stocks surged. Henderson Land Development (0012) spiked 2.29 percent to HK$40.2 while Sun Hung Kai Properties (0016) jumped 1.25 percent to HK$113.6.

ZTE Corp (0763) dipped 3.97 percent to HK$15.5. Reuters reported that two U.S. senators asked the Trump administration to investigate whether the Chinese telecommunications giant violated U.S. sanctions by helping Venezuela set up a database that monitors the behavior of its citizens.

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