Market Update: HSI up by 0.10% amidst gains for financial stocks

The Hang Seng Index (HSI) closed on Tuesday up by 29.58 points or 0.10% to 29,135.73. This was due in part to gains in financial stocks, as well as capital inflows from the Mainland.

Top performers for the day were Haidilao International which rose by 3.86% or $52.45. This was followed by Sands China which went up 2.17% or $37.75, and CK Asset with 2.09% or $48.75 in gains.

However, the Tech Index went down 34.70 points or 0.42% to end the day at 8,311.69.

Asian stocks also traded mixed amidst declines in Wall Street indexes.

The main New York indexes fell for the second straight day as travel stocks were hit by global spike in COVID-19 cases.

The S&P 500 slipped 28.32 points or 0.68% at 4,134.94, whilst the Dow Jones Industrial fell 256.33 points or 0.75% at 33,821.30. The NASDAQ also edged down 128.50 points or 0.92% at 13,786.27.

Meanwhile, London’s blue-chip index ended its worst session in nearly two months, dragged down by oil and cigarette makers stocks.

The FTSE 100 dropped 2% or 140.21 points, ending at 6,859.87, whilst the FTSE 250 lowered 1.70% or 382.31 points to end at 22,108.55.

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