(RTTNews) – Hong Kong’s stock market has outperformed in two of three trading days since ending a two-day slide that saw it lose more than 55 picks, or 0.2 percent. The Grasp Seng Index is now well above the 19,760-point plateau and further support will peek on Monday.
The global outlook for Asian markets is upbeat, with support expected from the likes of expertise and oil stocks. European markets fell, while US stocks rose, with Asian markets expected to follow suit.
The Grasp Seng index ended slightly better on Friday after gains in real estate money stocks, oil companies and specialist stocks, while the real estate sector was mixed at times.
For the day, the index gained 136.95 picks, or 0.70pc, to finish at 19,760.27 after trading between 19,634.07 and 19,891.86.
Among actives, Alibaba Crew gained 1.60 percent, while Alibaba Properly being Data fell 0.93 percent, ANTA Sports lost 0.26 percent, China Life Insurance coverage and Henderson Land gained 0.43 percent, China Mengniu Dairy and Unusual World Pattern fell 1.79pc, China Resources Land superior 1.13pc, CITIC sank 0.80pc, CNOOC added 0.74pc, CSPC Pharmaceutical fell 0.86pc, Galaxy Entertainment rose 2.48pc, Haier Easy Dwelling retreated 1.68pc, Grasp Lung Properties stumbled 2.28pc, Hong Kong & China Gas 0.33pc, Industrial and Commercial Financial Institution of China easy 0.82 pc, JD.com reinforced 1.28 pc, Lenovo increased 0.41 pc, Li Auto accelerated 2.29pc, Li Ning fell 0.88pc, Meituan rose 2.06pc, Nongfu Spring jumped 1.51pc, Techtronic Industries climbed 1.19pc, Xiaomi Company rose 6.62pc and WuXi Biologics for 1.07 pc
Wall Avenue executives are upbeat as the dominant averages got off to a better start on Friday and stayed in the green for one day, ending at session highs.
The Dow jumped 339.83 picks, or 0.80pc, to produce at 42,732.13, while the NASDAQ added 340.88 picks, or 1.77pc, to 19,621.68 and the S&P 500 climbed 73.92 choices or 1.26 pc to a total of 5,942.47.
In the week interrupted by the holiday, the Dow slipped 0.6 percent, while the NASDAQ and S&P 500 both fell 0.5 percent.
The energy on Wall Avenue came as traders sought safe-haven stocks at much lower ranges after the latest weak point. Some traders also stayed away from their desks on Wednesday after an unusual 365-day holiday.
In US economic news, the Institute for Supply Management confirmed that the manufacturing project was cut in December at a lower price.
Oil prices improved on Friday on optimism over the outlook for a query on the latest data showing an unprecedented draw in US inventories. Excess February West Texas Intermediate crude futures were $0.83 better, or 1.13pc, at $73.96 a barrel.
The views and opinions expressed herein are those of the creator and are not necessarily those of Nasdaq, Inc.
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