Hang Seng slid despite the rise of the real estate companies

The Hang Seng, the Hong Kong Stock Exchange benchmark index, fell by 0.02% today. It happened despite the good day that real estate companies starred, one of the engines of the local economy.

The selective dropped 5.9 points to 28,781.38. Meanwhile, the Hang Seng China Enterprises lost 0.17%.

Commerce and Industry were the only ones to close the session in the red. The sector dropped by 0.37%. In contrast, Finance ended the day with an increase of 0.18%. The services sector gained 0.74%, and Real Estate increased by 0.96%.

In Real Estate, only three companies recorded losses. Henderson Land decreased by 0.66%, CG Services yielded 0.32%, and Hang Lung Properties reduced by 1.12%. The earnings of the remaining nine companies experienced increases between the 0.45% increase of Wharf Reic and 2.4% of China Overseas.

As for the most pronounced losses, Sunny Optical, the maker of digital lenses, slumped by 3.8%. It was followed by the restaurant chain Haidilao, with losses of 2.84%. On the other hand, there have been juicy gains. The automaker BYD posted an increase of 6.27%.

Among the state oil companies, Petrochina slipped by 0.3%, Sinopec sank by 1.04%, and CNOOC expanded by 0.46%.

China Life was the only insurance company to close in green with a rise of 0.25%.

The business volume of the day was 122,640 million Hong Kong dollars (15,805 million US dollars).

Tokyo Stock Exchange closed mixed

The Tokyo Stock Exchange closed today due to investors’ caution on inflation in the United States and the lack of incentives.

The Nikkei benchmark index decreased by 55.68 points, or 0.19%, to 28,963.56. Meanwhile, the broader Topix indicator, grouping the securities with the highest capitalization, closed with an advance of 1.80 points or 0.9% to 1,962.65.