Hong Kong stocks log five-day winning run while Macau casino operators and tech names slide

Hong Kong stocks log five-day winning run while Macau casino operators and tech names slide

Article brief provided by South China Morning Post
  • Zhang Shidong, South China Morning Post
December 28, 2021 8:27 PM
  • Zhang Shidong, South China Morning Post

Hong Kong stocks rose for a fifth day as trading resumed after a market holiday, joining upbeat regional markets, on optimism the global economy can counter the Omicron threat. Macau casino operators and technology companies fell, limiting gains.

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The Hang Seng Index climbed 0.2 per cent to 23,280.56 at the close of Tuesday trading, for its longest winning streak in six weeks. The Hang Seng Tech Index slid 0.9 per cent. China’s Shanghai Composite Index rose 0.4 per cent.

Key Asia-Pacific markets advanced with the benchmark in Japan rising more than 1 per cent, tracking an overnight rally that drove the S&P 500 Index to another record.