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Showing posts with the label Asian Markets News at the time; by MarketWatch on May 29

Asian Markets News at the time; by MarketWatch on May 29, 2013 -21:55 EDT.

Asia Hong Kong stocks edge up after Wednesday sell-down LOS ANGELES (MarketWatch) -- Hong Kong stocks posted modest gains in early Thursday trading after a solid drop the previous day, with the Hang Seng Index rising 0.2% to 22,609.72, and the Hang Seng China Enterprises Index up 0.5%. Over on the Chinese mainland, the Shanghai Composite inched down 0.1%. Banking shares traded mostly higher in Hong Kong after selling down on Wednesday, with HSBC Holdings PLC adding 0.5%, while China Construction Bank Corp. and Bank of China Ltd. rose 1.1% apiece. Property shares saw some weakness, however, with Hang Lung Properties Ltd. down 1.1% and New World Development Co. falling 3.6%. Among movers in the mainland markets, shares of Henan Shanghui Investment & Development Co. jumped 8.3% after announcing plans to buy U.S. pork producer Smithfield Foods Inc. for about $4.8 billion.