Hang Seng higher at break

Business | 30 Jan 2019 12:55 pm

Stocks in Hong Kong advanced in morning trade today after US benchmarks closed mixed overnight.

At noon, the benchmark Hang Seng Index climbed by 0.29 percent, or 78.74 points, at 27,610.42 and the China Enterprises Index, the H-share gauge, added 0.21 percent, or 22.72 points, at 10,890.14.

Mainland property stocks surged. Sunac China (1918) spiked 6.51 percent to HK$30.25.

China Life Insurance (2628) dived 2.08 percent to HK$18.86 after it warned a 50 percent decrease in the net profit.

First Tractor (0038) plunged 3.68 percent to HK$1.83 after the China-based company said it expected to record a net loss of at least 1.1 billion yuan (HK$1.28 billion) in 2018, versus the net profit of 565.1 million yuan in 2017.

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