HK, China stocks rally at midday

Business | 3 Mar 2021 12:34 pm

Mainland and Hong Kong stocks rallied on Wednesday morning.

The Hang Seng Index gained by  491.88 points at 29,587.74, with half-day turnover of around HK$95 billion.

Macau casino operators climbed after the government relaxed virus test requirements for casino customers.

Galaxy Entertainment (0027) added 6.36 percent, Sands China (1928) ticked up by 6.04 percent, the top two performers among blue chip stocks.

Mainland banks and telecommunication operators outperformed. China Unicom (0762) claimed by 5.5 percent, ICBC (1398) gained by 4.41 percent.

The worst performer among blue chip was Sino Biopharmaceutical (1177), whose shares dropped 3.86 percent.

In mainland China, the Shanghai Stock Exchange Composite Index climbed by 1.33 percent, at 3,555.28 points, and the Shenzhen Stock Exchange Composite Index was up by 0.74 percent, at 2,350.10 points.

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