Hong Kong shares rose for the seventh straight session on Wednesday to a fresh decade-high, aided by strength in index heavyweight Tencent and consumer goods stocks.
At close of trade, the Hang Seng index was up 45.64 points or 0.15 per cent at 30,560.95. The Hang Seng China Enterprises index rose 0.17 per cent to 12,088.99. The sub-index of the Hang Seng tracking energy shares rose 0.2 per cent, while the IT sector rose 1.07 per cent, the financial sector was 0.09 per cent lower and the property sector rose 0.09 per cent.
The top gainer on Hang Seng was
China's main Shanghai Composite index closed up 0.65 per cent at 3,370.0997 points, while its blue-chip CSI300 index ended up 0.61 per cent. Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.36 per cent. The yuan was quoted at 6.504 per US dollar at 08:14 GMT, 0.14 per cent weaker than the previous close of 6.4949.
The top gainers among H-shares were Air China Ltd up 6.65 per cent, followed by Zhuzhou CRRC Times Electric Co Ltd gaining 2.65 per cent and BYD Co Ltd up by 2.58 per cent. The three biggest H-shares percentage decliners were PetroChina Co Ltd which was down 1.97 per cent, Ping An Insurance Group Co of China Ltd which fell 1.6 per cent and CRRC Corp Ltd down by 1.6 per cent.
About 2.38 billion Hang Seng index shares were traded, roughly 140.3 per cent of the market's 30-day moving average of 1.70 billion shares a day. The volume traded in the previous trading session was 2.44 billion.
At close, China's A-shares were trading at a premium of 28.54 per cent over the Hong Kong-listed H-shares. The price-to-earnings ratio of the Hang Seng index was 13.91 as of the last full trading day while the dividend yield was 2.8 per cent.
The short and one-factor leveraged Hang Seng index, which is designed to replicate the payoff of a short or leveraged portfolio and is linked to the movements of the Hang Seng Index, was lower by 0.15 per cent on the day at 4,829.6 points.