The Hang Seng rebounds 2.68% after Beijing’s «no» to confinement

Shanghai (China), May 13 (EFE).- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, rose 2.68% today after the Beijing authorities denied the «rumors» that suggested that The Chinese capital would begin a strict confinement like the one in Shanghai, active for a month and a half.

The selective added 518.43 points to 19,898.77, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, grew by 3.22%.

All sub-indices posted gains: Finance (+1.67%), Services (+2.35%), Trade & Industry (+3.25%) and Real Estate (+3.91%).

Only 3 of the 66 values ​​that make up the benchmark registered losses, among which the largest were those of the Hong Kong subway operator, MTR Corporation (-0.47%).

On the other side of the coin, revaluations of up to double digits for Alibaba’s health services subsidiary, Alibaba Health (+10.75%), or the real estate management subsidiary of the Country Garden developer, CG Services (+10, 41%).

Good session also for heavyweights on the floor such as Tencent (+2.96%), Alibaba (+2.75%) or HSBC (+2.14%).

The trading volume of the session was 116,650 million Hong Kong dollars (14,860 million dollars, 14,285 million euros).

(c) EFE Agency