Tech saves Hang Seng’s furniture in turbulent session

Beijing, Nov 20 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed today with gains of 0.36% in a session in which the advances of a few technological values ​​were enough to save the furniture before the falls of almost three quarters of the titles that compose it.

Thus, the selective added 94.57 points to 26,451.54, while the index that measures the behavior of mainland Chinese firms listed on the Hong Kong stock market, the Hang Seng China Enterprises, lost a slight 0.02 %.

The good work of the technology companies made the Trade and Industry sub-index the only one that closed in green (+1.29%) while the rest fell: Finance (-0.06%), Services (-0.68%) and Real Estate (-1.55%).



Among the main winners, the two big digital trading companies: Alibaba added 3.18% and Tencent, 2.62%.

The manufacturer of mobile phones and other devices Xiaomi (+1.39%) or the group of electrical equipment Techtronic Industries (+3.35%) also finished in the green.

In the banking sector, the story was much less positive, with the insurer AIA (+1.47%) as one of the few that added, while prominent titles such as the state-owned China Construction Bank (-1.51%) or Bank of China (-1.11%) were going to the red.

Even worse was the session in real estate, where Hang Lung Properties (+2.13%) was the only survivor among general declines, with China Overseas (-3.79%) or Wharf REIC (-3.46%) leading the way. .

The Chinese public oil companies, Sinopec (-1.41%), Cnooc (-1.24%) and Petrochina (-0.79%) also finished negatively.

And, given the reports that suggest that the still US president, Donald Trump, could take advantage of his last weeks in the White House to strengthen his sanctions on Chinese technology companies, the state telephone operators China Mobile suffered (-0.32%) and China Unicom (-0.83%), very involved in the deployment of 5G networks in the country.

The business volume of the day was 132,640 million Hong Kong dollars (17,109 million dollars, 14,416 million euros). EFE



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