Shanghai stocks edge higher as non-ferrous metals firms gain

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SHANGHAI, Nov 17 (Businesshala) – Shares in Shanghai edged up slightly on Wednesday led by non-ferrous metals stocks and high-end equipment makers, while the tech giant slipped in Hong Kong ahead of third-quarter earnings reports and dented benchmark equity indexes. pulled down. ,

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The Shanghai Composite Index rose 0.2% to 3,529.26 by the end of the morning session, while the CSI300 index fell 0.1% to 4,879.75.

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The Hang Seng Index fell 0.5% to 25,595.19. The Hong Kong China Enterprises Index fell 0.6% to 9,174.13.

** The non-ferrous metals sub-index and the high-end equipment manufacturing sub-index each increased by more than 1.9%.

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** New energy vehicles added 1.5%, tracking a rebound at Tesla Inc., analysts said.

** Twenty-five of the first batch of 81 companies went to the Beijing Stock Exchange.

** Shares have been trading sideways recently, and Wanho Securities said it expects the market to remain limited in the near future, with investors looking for directional clues.

** It said expectations of policy easing will increase as the year ends, and suggested buying blue-chips.

** Tech giants and financials weighed in on the Hong Kong market.

** The Hang Seng Tech Index fell 0.6%, with food delivery company Meituan and e-commerce giant Alibaba Group down 1.6% and 0.6%, respectively.

**Alibaba is expected to report its earnings results on Thursday.

** The financial sub-index retreated 0.7%, insurer AIA down 1.1% and the Hang Seng index down 21 points.

Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu


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